802/188 Shafston Avenue

Off Market

802/188 Shafston Avenue

Kangaroo Point QLD 4169

21 m²

Apartment

Last sold for $195,000

Louise Spencer, last sold this property on 25 February 2024 after 145 days on market.

Overview

Investment Opportunity: Strong, Safe and Secure

The enviable location of this studio apartment positions it at the heart of the booming Brisbane landscape, ensuring a steady stream of income. This a strong, secure and profitable investment. The ‘Shafston Mansions’ building boasts extremely low vacancy rates, fortifying its appeal for investors seeking consistent rental income and minimized risk. Property Financials: - Brisbane City Council Rates: $480 per quarter - Body Corporate Rates (including electricity): $915 per quarter - Water: $285 per quarter - Current Rent: $375 per week - Lease Status: Leased until 19th March 2024 Based on these figures the yield is 6.4% The property's proximity to upcoming infrastructure, vibrant amenities, and thriving attractions makes it an irresistible prospect for astute investors seeking both immediate returns and long-term value growth. Property Features: - Exceptional 21m2 studio apartment - Ideal for market newcomers and first-time homebuyers - Ample built-in storage solutions - Efficient kitchen with generous storage space - Includes a convenient study nook, ceiling fan, and portable air conditioner - Windows for natural ventilation Amenities at Shafston Mansion: - Recreational lounge - On-site laundry facilities - Fully equipped indoor and outdoor gym - Cafeteria and business services - 24/7 on-site building management - Secure swipe card access for top-tier security Location Advantages: - Proximity to upcoming Kangaroo Point Green Bridge for easy CBD access - Close to dining, cafes, bars, and public transport - Nearby attractions: Brisbane River, Captain Burke Park, Kangaroo Point Cliffs, and Story Bridge Hotel This exceptional studio apartment at 802/188 Shafston Avenue presents an outstanding investment opportunity. Boasting a solid yield of 6.4% and a lease until March 2024, it's a lucrative option for investors seeking a strategic foothold in the vibrant Kangaroo Point area. With a perfect blend of financial stability, extremely low vacancy rates, convenience, and attractive amenities, this property is a compelling choice for those looking to capitalize on Brisbane's thriving real estate market. Don't miss out - seize this opportunity and invest in your future today!

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 802/188 Shafston Avenue is $627.5k.

Median value

$627.5k

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 802/188 Shafston Avenue

2025

Rented

Undisclosed

Leased on 13 Oct 2025 by Ray White City Living

2024

Sold

$195,000

25 Feb 2024 by Louise Spencer, of Ras360 Property Solutions

Happy sellers in Kangaroo Point

93%

93% 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, 67 one-bedroom apartments similar to 802/188 Shafston Avenue, have been sold.

This represents a 2% increase 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

(72 reviews)

Get a free market appraisal

Soren Andersen

at Kangaroo Point Real Estate | Inner Brisbane Property Group

4.9

(191 reviews)

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Daniel Cummings

at Place Purpose Group Stafford

(8 reviews)

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Richard Willert

at Place Estate Agents Kangaroo Point

(37 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