Modern one-bedroom unit in a tidy block of five located in a quiet Annerley street. Set back from the road, key features of this unit are comfort, privacy and security. Shops, city, buses, trains, Greenslopes and PA Hospital and University of Qld Green Bridge and primary/secondary schools are all close by.
Unit 4 is a much-loved one-bedroom home close to the city but in a quiet, tucked-away location in a wide, level street that isn't on any rat-runner's route. It's a surprisingly cosy situation.
With warm, polished timber flooring and stainless-steel kitchen appliances, large windows and strong security screening, this unit is one of only five which have all been home to their owners at some stages in their lives with two owners still in place. Comfort and serenity are achieved with air through-flow in summer and northern sunshine in winter on the balcony and living areas.
The open living area is perfect for entertaining and creates a modern, spacious feeling which can overflow to the balcony. With one large bedroom you have all the space you need, including a three-door built-in robe just opposite the bathroom, feeling like an ensuite.
The carport is directly under your unit, but with so much in walking distance you can often leave the car at home. Public transport, shopping centres, schools and parks are easily accessed on foot and the locals are friendly! A lock-up laundry and storage area also belong to the unit and under-cover laundry lines make rainy days a non-event.
The big points:
1 x large bedroom with spacious built-in robe.
Open plan living and kitchen with enough space to entertain all your friends for the footie or a Netflix binge.
1 x bathroom with disability access.
Quiet area with the unit in a prime position for natural cooling and heating of the home.
Balcony perfect for sitting in the sun during winter.
Adjustable awnings to fine-tune the temperature you like
Car space right beneath the unit so you really "come home".
Separate laundry with plenty of storage now you can hoard all the washing powder on sale day!
The air conditioner in the bedroom will keep you cool if the wind dies, but there are also super-quiet DC fans in the bedroom and living areas.
Within walking distance of all necessities you can get in those 10,000 steps!
Whether to live happily or rent to someone else, this unit provides a quiet, secure lifestyle.
Investor Fact:
Current rent: $295 per week, previous was $320 per week
Council rate: $386.7 Per Quarter
Body corporate: $2,485 a year
Zoning: RESIDENTIAL B R4
Great investment opportunity for developers and investors:
Land value in Annerley is rising constantly as it is a hot zone for new developments but there is a shortage of available land. Older buildings in good streets already zoned for new units and houses are the only option - that is Lothian Street's story. With only five owners, after a few years of reasonable rent returns or living comfortably onsite, the total value of the allotment will reach a level that might attract all owners to sell the lot as a whole. Built in the 1970s, the complex is still in good condition but as time passes, it is the LAND that holds the real value. The neighbouring allotment sold for $530,000 in 2018 and now has two $1M+ houses on the same site. On the House lists the same allotment's value currently at $900,000 to $1M. In just three years! Think about it.
All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must rely solely on their own enquiries.
