520/188 Shafston Ave

Off Market

520/188 Shafston Ave

Kangaroo Point QLD 4169

0 m²

34 m²

Unit

Chris Pilkington, last sold this property on 10 October 2025 after -10 days on market.

Overview

High-Yield (9.1%), Newly Renovated Studio Apartment with River Views

Positioned in the heart of Kangaroo Point, this newly renovated studio apartment offers an exceptional investment opportunity with one of the strongest rental yields in Brisbane. This unit benefits from a private balcony, river views and air-conditioning. Renovations completed in August 2025, the apartment has been thoughtfully updated with modern finishes, including stylish tile and timber flooring, and come fully furnished for immediate tenancy. Spanning 34sqm, the studio layout has been cleverly designed to maximise space, with a dedicated bed area and a separate living/study zone. The property currently achieves a rental return of approximately $525 per week, delivering a 9.1% gross yield (6.73% net yield) – significantly outperforming average returns and providing a secure alternative to leaving funds in the bank. This apartment benefits from an exceptionally low vacancy rate, boosted by Shafston College being located within the building, ensuring a steady stream of potential tenants. Beyond the student market, the property is also highly attractive to the broader rental pool seeking convenient inner-city living. Residents enjoy the support of full-time onsite managers and the convenience of utilities (electricity, gas and Wi-Fi) included in the body corporate fees, with water individually metered. Lifestyle facilities such as a gym and cafeteria space add to the building's desirability, and its location offers unmatched proximity to the CBD, riverside walkways, transport links and local amenities. There is also secure car parking available in the building for residents. Whether you're seeking a high-performing investment or a low-maintenance Brisbane base, these studio apartments combine strong yields, consistent demand and prime positioning – a rare opportunity that must be purchased without finance but rewards cash buyers with returns almost double the average bank interest rate. Disclaimer This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Features

1 bedroom

1 bathroom

0 m² floor area

34 m² lot size

Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Kangaroo Point over the last 12 months, the estimated median property value of 520/188 Shafston Ave is $671k.

Median value

$671k

Estimated value range

$270k - $785k

Median days on market

Estimated value trend

30%

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 520/188 Shafston Ave

2025

Sold

Undisclosed

10 Oct 2025 by Chris Pilkington, of Place Estate Agents Kangaroo Point

2017

Sold

$183,000

Private Sale/Treaty on 11 May 2017 by No Agent Property - QLD

2017

Sold

$183,000

Private Sale/Treaty on 23 Apr 2017 by Alan Woo, of Harcourts Solutions

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 units in Kangaroo Point

In the last 12 months, 18 one-bedroom units similar to 520/188 Shafston Ave, have been sold.

This represents a 26% decrease 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 Kangaroo Point for a free market appraisal.

Lindsay Brown

at Kangaroo Point Residential

(67 reviews)

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Soren Andersen

at Kangaroo Point Real Estate | Inner Brisbane Property Group

4.9

(191 reviews)

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Richard Willert

at Place Estate Agents Kangaroo Point

(35 reviews)

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Karen Chen

at Junction Estate Agents

(10 reviews)

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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