503/27 Commercial Road

Off Market

503/27 Commercial Road

Newstead QLD 4006

66 m²

Unit

Last sold for $485,000

Gabrielle Baker, last sold this property on 26 January 2023 after 42 days on market.

Overview

NORTH FACING SANCTUARY IN RENOWNED LA VIDA COMPLEX

Located on the fifth floor with district views, this bright sunlit residence features a well-configured floor plan with private north facing balcony. Relax and enjoy all that the Newstead locale has to offer. Built in 2016, La Vida Apartments consists of two towers, with on-site management, well-appointed high-end finishes and stylish foyers. The quality fit-out is graced with elegant finishes, stones bench tops and tasteful cabinetry. The floor-to-ceiling sliding doors maximise inside-outside living perfectly. Facilities include: roof top pool, sauna, BBQ and entertainment areas. The outlook from the pool level gives a wonderful panoramic birds-eye view of the city and surrounds. It feels as though you are on top of the world. Perfect for entertaining family and friends or just having some 'me' time. NOTABLE FEATURES: - 1 Bed, 1 bath, 1 car - Zoned ducted air-conditioning with ceiling fans - Private north facing balcony from 5th level - Stacker/sliding doors to balcony - Tiled flooring to living, carpet to bedroom - Generous stone bench tops and storage - Kitchen with Ilve stainless appliances, gas cooktop - Integrated dishwasher and microwave, plus dryer - Deluxe bathroom with frameless shower screen - Internal space 55sqm, balcony 11sqm (total 66sqm) - Secure designated basement car park - Impressive roof top pool, sauna and sun lounge space - Roof top BBQ and entertainment area - Close to Gasworks and James St shopping precincts - Walking distance to eateries, shopping and cinemas - Easy access to transport (bus & ferry) and cycleways - Well serviced by City Glider - 2kms to Brisbane CBD The apartment is currently tenanted until end Feb 2023. Newstead is an up-and-coming inner city riverside suburb located just 2km from the CBD. Historically, Newstead was home to the gasworks established in 1887, and supplied the city's gas needs. Today, the gasometer has been converted to a thriving commercial and entertainment hub with a supermarket, craft breweries, stylish bistros and cafes. The precinct has an expanding nightlife scene, boutique shopping and riverfront activities. Stop dreaming about an inner-city pad and make it a reality. This is the perfect opportunity to acquire a property in an ideal location with everything at your fingertips!

Features

1 bedroom

1 bathroom

1 carspace

1 garage space

66 m² floor area

Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Newstead over the last 12 months, the estimated median property value of 503/27 Commercial Road is $720k.

Median value

$720k

Estimated value range

$598k - $950k

Median days on market

Estimated value trend

29%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Newstead. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 503/27 Commercial Road

2023

Sold

$485,000

Private Sale/Treaty on 26 Jan 2023 by Gabrielle Baker, of Harcourts Solutions

Happy sellers in Newstead

94%

94% of sellers in Newstead reported that their sale price either exceeded or met their price expectations.

Newstead stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 25 reviews in Newstead over the last 12 months.

Local market activity for 1 bedroom units in Newstead

In the last 12 months, 18 one-bedroom units similar to 503/27 Commercial Road, have been sold.

This represents a 17% increase in one-bedroom units sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Newstead for a free market appraisal.

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