By Negotiation
56 Denham Street, Bracken Ridge QLD 4017
Apartment
552
Block size: 699 m² approx.
Newly Converted Rooming House/Block of Units.
Offering a $102,982pa Gross Yield on 698m2 in a strong up and coming Brisbane suburb primed for future growth.
Unearth the potential of this exceptional investment opportunity in Bracken Ridge a suburb on the cusp of a remarkable transformation, boasting robust future
growth prospects!
This property, formerly a standard house, recently converted into a Rooming House or Block of Flats-style building, emerges as a lucrative asset for investors eyeing both the gentrifying neighborhood and the enticing rental returns it achieves.
Nestled in the heart of Bracken Ridge, this property provides a more affordable entry point without compromising on future appreciation potential. As a suburb, it is positioned between premium locations demanding a hefty price tag and low socioeconomic areas with limited growth prospects, as such it represents a strategic investment sweet spot, offering abundant upside for savvy investors.
Currently yielding a gross rental income of $102,982pa with projected operating costs of $25,313, the approximate net yield of $77,669 places this property at the forefront of solid investments with room for substantial growth. The rental price surge, driven by Brisbane's expanding population and the persistent undersupply of rental stock, indicates a trend unlikely to wane, especially in the run-up to the upcoming Olympics and the various ongoing key infrastructure projects in the city.
This distinctive asset class ensures stable long-term residential tenancies, boasting an exceptionally low vacancy rate. Join the transformative wave sweeping through Bracken Ridge and position yourself for promising future returns in this dynamically evolving market! Don't miss out on this opportunity to be part of the neighborhood's evolution and capitalise on its rising potential!
Disclaimer: The information provided, including property details such as dimensions, pricing, photos, and descriptions, is sourced from third parties for your convenience. Real Specialists cannot guarantee its accuracy and disclaims all liability for any losses or damages arising from its use. Users are advised to verify information independently and consult legal counsel for property inquiries. Prices on the Website are subject to change.
Unearth the potential of this exceptional investment opportunity in Bracken Ridge a suburb on the cusp of a remarkable transformation, boasting robust future
growth prospects!
This property, formerly a standard house, recently converted into a Rooming House or Block of Flats-style building, emerges as a lucrative asset for investors eyeing both the gentrifying neighborhood and the enticing rental returns it achieves.
Nestled in the heart of Bracken Ridge, this property provides a more affordable entry point without compromising on future appreciation potential. As a suburb, it is positioned between premium locations demanding a hefty price tag and low socioeconomic areas with limited growth prospects, as such it represents a strategic investment sweet spot, offering abundant upside for savvy investors.
Currently yielding a gross rental income of $102,982pa with projected operating costs of $25,313, the approximate net yield of $77,669 places this property at the forefront of solid investments with room for substantial growth. The rental price surge, driven by Brisbane's expanding population and the persistent undersupply of rental stock, indicates a trend unlikely to wane, especially in the run-up to the upcoming Olympics and the various ongoing key infrastructure projects in the city.
This distinctive asset class ensures stable long-term residential tenancies, boasting an exceptionally low vacancy rate. Join the transformative wave sweeping through Bracken Ridge and position yourself for promising future returns in this dynamically evolving market! Don't miss out on this opportunity to be part of the neighborhood's evolution and capitalise on its rising potential!
Disclaimer: The information provided, including property details such as dimensions, pricing, photos, and descriptions, is sourced from third parties for your convenience. Real Specialists cannot guarantee its accuracy and disclaims all liability for any losses or damages arising from its use. Users are advised to verify information independently and consult legal counsel for property inquiries. Prices on the Website are subject to change.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Brendan Gibb to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
5
Bathrooms:
5
Garage Spaces:
2
Property type:
Apartment
Block Size:
699 m²*
Other Details
Lot:
112
Plan Type:
RP
Plan:
146054
Legal description:
112/RP146054
Maps and area information
Block information
Block size: 699m² (approx)
Legal description: 112/RP146054
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
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.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
11 May 2023
Sold
Leeding Real Estate
Listed: 01/03/2023
Block size: 698m²
Transfer type: Full transfer
Bracken Ridge suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
39 years
Population
17,488
Listing ID: 182363781. This listing has been viewed 9 times. It was first displayed on 11/03/2024 and last updated on 23/04/2024.
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.