FOR SALE
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1 Sir Fred Schonell Drive, St Lucia QLD 4067

House
863
Block size: 496 m² approx.

BLUE CHIP ST LUCIA INVESTMENT - STUDENT HOSTEL

This double storey stucco and tile home is part of St Lucia's history and is currently being used as student hostel returning $9660 pm. Superbly located to the University of Queensland Campus, the property offers a high occupancy rate with solid leases and high yield.

Filled with character and charm, the home retains many features of the 1930's period and is located on a corner LMR 496m2 block.

The home is spread over two levels which are linked by a beautiful timber staircase with 4 generous bedrooms and 3 bathrooms on the upper level.

On the lower level, there are 2 large double bedrooms (two with a kitchenette and separate entry), 2 single bedrooms and 3 bathrooms.

The configuration also allows for dual living - The main family house with 4 Bedrooms and 2 bathrooms and the connected rental investment with 4 bedrooms, 4 bathrooms and 4 kitchenettes.

Features include:
• LMR 2 Low - medium density residential (2-3 storey mix) 496 m2 Corner position
• 8 Bedrooms
• 6 Bathrooms
• 3 undercover car parks
• High occupancy and returns over 5% with rents of $2,415 per week
• Configuration allows for flexibility with the investment/owner occupier options
• Split systems throughout
• Private courtyard at the rear which services 2 rooms
• Solid Stucco construction and low maintenance
• Faux Fire place in the main living area on the lower level
• Polished timber floors
• Leadlight windows
• Ornate plaster ceilings
• Formal living space
• A gourmet kitchen and living room form the heart of the house
• 5km to Brisbane CBD
• Bus to UQ and CBD at door step
• Close proximity to private schools/state schools and Toowong Village shops

This blue chip investment offers stable rental returns and prospects for capital growth. Don't miss this opportunity!

Features include: Air conditioning,Floorboards,Built in wardrobes,Fireplace(s),Secure Parking,Courtyard

Inspections

Saturday, 6 Apr12:00pm - 1:00pm
Can't inspect in person?

Contact Ghazal Basit to enquire about this property including alternatives to in-person inspections.

Key details

Bedrooms:
8
Bathrooms:
6
Garage Spaces:
3
Property type:
House
Block Size:
496 *

Other Details

Lot:
1
Plan Type:
RP
Plan:
23293
Legal description:
1/RP23293
POULSEN PROPERTY
Next Inspection:

Maps and area information

Block information
Block size: 496 (approx)
Legal description: 1/RP23293
Block Map
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Enrolment areas for ACT public schools.

Property history

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St Lucia suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
26 years
Population
12,220
Listing ID: 182235576. This listing has been viewed 26 times. It was first displayed on 22/01/2024 and last updated on 19/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.