Back 605/188 Shafston Avenue
Off Market

605/188 Shafston Avenue

Kangaroo Point QLD 4169

1
1
21 m²
Apartment
Last sold for $305,000
Justin SmithJustin Smith, last sold this property on 11 January 2026 after 44 days on market.

Overview

Prime Investment Opportunity in the Heart of Kangaroo Point

Beautifully renovated, fully furnished, and perfectly positioned near the Brisbane River, this stylish studio apartment in the highly sought-after Shafston University Mansions offers the ultimate investment. Recently upgraded throughout, the apartment presents as new appealing to both tenants and owner-occupiers seeking a low-maintenance, high-performing property in one of Brisbane's most tightly held suburbs. Cleverly designed to maximise functionality, this studio features a modern open-plan layout across 21sqm, with sleek finishes, abundant natural light, and a welcoming contemporary ambiance. The fully equipped kitchen offers excellent storage, while the bedroom zone includes built-in robes, a ceiling fan, and air conditioning. The renovated bathroom features quality tiling, a shower, and toilet, completing a low-maintenance, move-in-ready home. Situated on a secure on riverside block, residents enjoy an impressive suite of amenities including a fully equipped indoor and outdoor gym, recreational lounge, outdoor entertaining areas overlooking the water, on-site laundry, cafeteria, and convenient printing and photocopying services. Professional on-site management and secure swipe access offer peace of mind and ensure the complex is exceptionally well maintained. Long term Furnished Rental Return of $450 Per Week Property Features: – Beautifully renovated and fully furnished – One-bedroom studio layout with modern finishes – Built-in robes – Reverse cycle air conditioning & ceiling fan – Stylish renovated bathroom – Functional kitchen with ample storage – Light-filled, low-maintenance 21sqm design – Very low vacancy rates – Excellent rental return and strong yield – Ideal for investors, or portfolio growth Complex Features: – Fully equipped indoor & outdoor gym – Recreational lounge – On-site laundry facilities – Outdoor riverside entertaining spaces – Secure building with lift access This is a high-performing, low-maintenance property in a prime riverside location, perfect for investors or anyone seeking a stylish inner-city base Kangaroo Point Living: Kangaroo Point is one of Brisbane's most desirable inner-city suburbs, offering a rare blend of tranquillity and connectivity. Residents enjoy riverside boardwalks, parklands, and the famous Kangaroo Point Cliffs—perfect for cycling, climbing, or a sunset stroll. The area is dotted with vibrant cafés, restaurants, and boutique delis, while ferry terminals and walking paths provide effortless access to the CBD, Howard Smith Wharves, and South Bank. With Brisbane set to host the 2032 Olympic Games, Kangaroo Point is positioned at the heart of the city's future growth. Significant infrastructure investment is already underway, enhancing connectivity and lifestyle amenities. For homeowners and investors alike, this riverside suburb promises not only an exceptional lifestyle but also strong long-term value as Brisbane steps onto the world stage. 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 bedroom
1 bathroom
21 m² floor area
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 605/188 Shafston Avenue is $623.5k.

Median value
$623.5k
Estimated value range
$282k - $5.3m
Median days on market
21
Estimated value trend
7%
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 605/188 Shafston Avenue

2026
Sold
$305,000
11 Jan 2026 by Justin Smith, of Kangaroo Point Real Estate | Inner Brisbane Property Group

Happy sellers in Kangaroo Point

95%
95% 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 47 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 605/188 Shafston Avenue, have been sold.

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

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