Back 721/188 Shafston Avenue
Off Market

721/188 Shafston Avenue

Kangaroo Point QLD 4169

1
1
0 m²
26 m²
Apartment
Last sold for $312,000
Harry GaleHarry Gale, last sold this property on 30 September 2025 after 28 days on market.

Overview

Incredible Buying Opportunity With River Views!

Situated on one the highest levels of the 'Shafston University Mansions' building, this studio apartment offers an ideal opportunity for first-time homebuyers or investors seeking a low-maintenance lifestyle in a vibrant area. Secure your own urban retreat in this highly coveted location! This sunlit apartment features a sleek, compact layout with an open floor plan. The fully functional kitchen boasts ample storage, while the generously sized bedroom includes built-in robes and a ceiling fan. The bathroom is easily accessible, equipped with a shower, toilet, and cleverly hidden storage. The Shafston Mansion building provides an array of top-notch amenities, such as a recreational lounge, on-site laundry facilities, fully equipped indoor and outdoor gyms, a cafeteria, and photocopying and printing services. The on-site management team ensures all your needs are met, and secure swipe card access guarantees high-level security. Property Features: – Fully functional kitchen with ample storage – Built-in robes – Bathroom with shower and toilet – River glimpses – Very low vacancy rates – Ideal for first-time buyers or investors in a prime location – Excellent rental returns Complex Features: – Professional on-site management – Fully equipped gym – Recreational lounge – Cafeteria – On-site laundry facilities – Low maintenance, economical body corporate fees covering electricity & internet – Secure lift access Financials: Body corporate contributions: $3,974 p.a. Council rates: $1,800 p.a. (approx.) This is a fantastic opportunity for those looking to enter the property market or secure a positively geared investment with minimal outlay! The location is unbeatable, with the Cross River Rail under construction and the Green Bridge from Kangaroo Point to the city just moments away. This area is rapidly evolving. Kangaroo Point is a prestigious inner-city peninsula surrounded by water and parklands. Transport options include ferries, City Cats, buses, and easy access to the Clem Jones tunnel, South East Freeway, and Story Bridge. Entertainment options include the Jazz Club, Story Bridge Hotel, and the Gabba. The area features numerous high-quality restaurants and cafes, all within walking distance. Residents of Kangaroo Point enjoy the benefits of an inner-city lifestyle in a tranquil setting, free from the hustle and bustle. There is strong demand for both rentals and sales in this exclusive, premier location.

Features

1 bedroom
1 bathroom
0 m² floor area
26 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 721/188 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 721/188 Shafston Avenue

2025
Sold
$312,000
30 Sep 2025 by Harry Gale, of Gale & Co.
2023
Sold
$210,000
19 Dec 2023 by Louise Spencer, of Ras360 Property 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 apartments in Kangaroo Point

In the last 12 months, 58 one-bedroom apartments similar to 721/188 Shafston Avenue, have been sold.

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

Nearby agents

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

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent