Back 84/53 Vernon Terrace
Off Market

84/53 Vernon Terrace

Teneriffe QLD 4005

1
1
1
81 m²
Apartment
Last sold for $426,000
Anthony OddoAnthony Oddo, last sold this property on 18 February 2020 after 27 days on market.

Overview

Mactaggarts Woolstore Opportunity!

Ideally positioned opposite the Teneriffe Ferry, with direct Riverwalk access, this spacious (81m2 in total) apartment, located in the heritage listed 'Mactaggarts Place' woolstore building, is bursting with character, charm and potential. From the moment you step into the complex you feel the the history, charm and importance of a bygone era. Soaring high ceilings, exposed wooden beams and built with bricks that were imported from England back in 1925. It played a proud role in Brisbane's wool industry and was re-developed into residential apartments in 1995, it is a place anyone would love to call home. Unit 84 is positioned on level 1, up one flight of stairs and faces Vernon Terrace with a bright and leafy green outlook. It has much of the original features, fixtures and fittings from when it was built, so the opportunity and potential is there for you to make it your own, add value now, or move right in and enjoy the perks that the location has to offer. With Gasworks, James Street precinct, New Farm Park and some of Brisbane's best bars, restaurants and cafes right on your doorstep, and direct Riverwalk access! This truly is one of Teneriffe's most desirable and sought after locations. Call Anthony now to book a private inspection. Additional Features: - Air conditioned - Intercom access - Ceiling fans in bedroom and lounge - Large kitchen with dishwasher - Secure car-space - Outdoor pool and BBQ area - Built in wardrobes - Internal laundry - Annual Body Corp fees $4,439.61 - Sinking fund balance $131,354 - Council Rates $406.90 per quarter - Leased until June at $400 per week

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
81 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Teneriffe over the last 12 months, the estimated median property value of 84/53 Vernon Terrace is $820k.

Median value
$820k
Estimated value range
$640k - $1.11m
Median days on market
16
Estimated value trend
19%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Teneriffe. 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 84/53 Vernon Terrace

2020
Sold
$426,000
18 Feb 2020 by Anthony Oddo, of Best Life Real Estate Agency
2019
Rented
Undisclosed
Leased on 07 Jul 2019
2018
Rented
Undisclosed
Leased on 23 Jul 2018

Happy sellers in Teneriffe

93%
93% of sellers in Teneriffe reported that their sale price either exceeded or met their price expectations.

Teneriffe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Teneriffe over the last 12 months.

Local market activity for 1 bedroom apartments in Teneriffe

In the last 12 months, 32 one-bedroom apartments similar to 84/53 Vernon Terrace, have been sold.

This represents a 41% increase in one-bedroom apartments sales when compared to the previous 12 months.

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