604/188 Shafston Avenue

Off Market

604/188 Shafston Avenue

Kangaroo Point QLD 4169

21 m²

Studio

Last sold for $205,000

Bailey Macoun, last sold this property on 10 June 2024 after 55 days on market.

Overview

Great Investment or Inner City Base!

Located on the sixth floor of the 'Shafston University Mansions' building, this studio apartment is the perfect entry into the market for first home buyers or investors alike who are searching for low maintenance living whilst being surrounded by great lifestyle options. Take advantage of this opportunity to secure an inner-city haven in a sought after location! Boasting a slick compact layout filled with sunlight, this apartment features an open floor plan with a fully functional kitchen featuring ample storage space. The bedroom space is of great proportion featuring built in robes, ceiling fan, as well as an easy access to the bathroom displaying shower, toilet and cleverly tucked away storage. The Shafston Mansion building offers an array of exceptional amenities, including a recreational lounge, on-site laundry facilities, a fully equipped indoor and outdoor gym, a cafeteria, and convenient photocopying and printing services. Furthermore, the building management team is available on-site to attend to all your needs, and secure swipe card access guarantees top-notch security throughout the premises. Expected rental return of $400 per week. Property Features: – Fully functional kitchen with ample storage space – Built in robes – Bathroom with shower and toilet – River glimpses – Very low vacancy rates – Perfect first home or investment in a premium location – Excellent rental returns for investors Complex Features: – Professional onsite management – Fully equipped gymnasium – Recreational lounge – Cafeteria – On site laundry facilities – Low maintenance and economical body corporate fees include electricity & internet – Lift access in a secure complex Body corporate contributions: $3,974 p.a. Council rates: $2,000 p.a. (Approx) A fantastic opportunity for those looking to enter the property market, or to attain a positively geared investment with minimal outlay! It is hard to find a better location, with the Cross River Rail already under construction, and just moments away the underway Green Bridge from Kangaroo Point to the city, this is an area on the move. Kangaroo Point is an upscale inner-city peninsula paradise, surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, buses with quick access to the Clem Jones tunnel, South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the Gabba'. The area boasts many high-quality restaurants and cafes, all within walking distance. Those who reside in Kangaroo Point enjoy the benefits of an inner-city lifestyle in a peaceful setting without the hustle and bustle. Strong demand exists for both rentals and sales in this exclusive premier location.

Features

1 bathroom

21 m² floor area

Studio

Estimated Value

Based on this property and similar studios sold in Kangaroo Point over the last 12 months, the estimated median property value of 604/188 Shafston Avenue is $370k.

Median value

$370k

Estimated value range

$290k - $425k

Median days on market

Estimated value trend

-7%

decrease 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 604/188 Shafston Avenue

2024

Sold

$205,000

10 Jun 2024 by Bailey Macoun, of Kangaroo Point Real Estate | Inner Brisbane Property Group

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 44 reviews in Kangaroo Point over the last 12 months.

Local market activity for studios in Kangaroo Point

In the last 12 months, 4 studios similar to 604/188 Shafston Avenue, have been sold.

This represents a 64% increase in studios 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

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Nearby agents

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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