504/188 Shafston Avenue

Off Market

504/188 Shafston Avenue

Kangaroo Point QLD 4169

21 m²

Apartment

Last sold for $350,000

Ethan Petrie, last sold this property on 18 February 2026 after 78 days on market.

Overview

Fully Renovated Studio in Prime Kangaroo Point Location!

Beautifully renovated and perfectly positioned close to the the Brisbane River, with City ferries. This furnished studio apartment offers the ultimate "set and forget" investment opportunity. With every detail upgraded, the apartment presents as new - appealing to both tenants and investors seeking a high-yield, low-maintenance property. Featuring reverse cycle aircon and offering a strong rental return of $450-$460 per week and a 9% yield, this is an opportunity not to be missed. Situated in a secure, well-maintained complex on a 1,928m² river-side block, residents enjoy premium facilities including a well equipped gym, lounge, and outdoor entertaining area overlooking the water. Public transport is right on the doorstep, with the CityCat, bus stops, Kangaroo Point Cliffs, and CBD all within minutes. Whether held in a Self-Managed Super Fund or added to your growing portfolio, this property promises consistent performance and strong future demand in one of Brisbane's most tightly held suburbs. Features include: - Fully furnished studio apartment - Recently renovated - 9% ROI | $450-$460/week - Onsite management and secure tenancies - Gym, lounge & outdoor river-view terrace - 200m to bus stop | 600m to ferry & Kangaroo Point Cliffs | minutes to CBD Financials - Rates: $500 per quarter - Water: $200 per quarter + usage - Body Corporate Levy: $1,500 per quarter (approx. including electricity) - Rental Appraisal: $450 - $460 per week

Features

1 bedroom

1 bathroom

21 m² lot size

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Kangaroo Point over the last 12 months, the estimated median property value of 504/188 Shafston Avenue is $623.5k.

Median value

$623.5k

Estimated value range

$282k - $5.3m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Kangaroo Point. 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 504/188 Shafston Avenue

2026

Rented

Undisclosed

Leased on 31 Mar 2026 by RE/MAX Results Morningside

2026

Sold

$350,000

18 Feb 2026 by Ethan Petrie, of Ray White West End

Happy sellers in Kangaroo Point

94%

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

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

This is based on voluntary sentiment collected from 46 reviews in Kangaroo Point over the last 12 months.

Local market activity for 1 bedroom apartments in Kangaroo Point

In the last 12 months, 58 one-bedroom apartments similar to 504/188 Shafston Avenue, have been sold.

This represents a 7% decrease in one-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

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

Lindsay Brown

at Kangaroo Point Residential

(67 reviews)

Get a free market appraisal

Soren Andersen

at Kangaroo Point Real Estate | Inner Brisbane Property Group

4.9

(191 reviews)

Get a free market appraisal

Richard Willert

at Place Estate Agents Kangaroo Point

(35 reviews)

Get a free market appraisal

Jody Green

at Ray White City Living

4.8

(38 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Kangaroo Point

Lindsay Brown

Sellers who recommend Lindsay Brown have praised them for being local expert, clear communication, responsive, stress-free process, honest, well-prepared and reliable