117 Park Road, Yeronga, QLD 4104 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Offers Over $5,800,000

117 Park Road
Yeronga QLD 4104

Bedrooms: 30
Bathrooms: 6
Car spaces: -
Land area: 910m2
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Cash Cow Returning $624,000 Per Annum, Projected $870,000 PA

With a projected gross rental income of $768,000 within a year, this 41 room, two storey dwelling is fully accredited with the Brisbane City Council and Department of Housing (Residential Service Unit) for 46 residents. Further, the property has the square meterage and amenities to facilitate a further increase to 52 persons (STCA), increasing the above projected annual gross rental income to $870,000 within a year.
With a property manager currently appointed, this property represents a passive investment for purchasers. Always occupied, this rooming accommodation has a capped waiting list and demand from potential tenants is continual and endless.
In an ultra-convenient location, the property is a short walk to Yeronga Train Station. Bus transport to the CBD is 70m away, with the outbound bus stop positioned on the opposite side of road from the property.
ACCREDITATION
• Accreditation as a Residential Service Level 1 for 46 residents
GROSS INCOME
• Currently returning $624,225 per annum (with 40 residents)
• Weekly rent 37 x $295, 1 x $300, 1 x $325, 1 x $350
OUTGOINGS PER ANNUM
• Electricity $15,000
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Property Details for 117 Park Rd, Yeronga

117 Park Rd, Yeronga is a 30 bedroom, 6 bathroom BlockOfUnits. The property has a land size of 910m2. The place is currently for sale with RE/MAX First Residential - Coorparoo.

Building Type
BlockOfUnits
Land Size
910m2
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About Yeronga 4104

The size of Yeronga is approximately 3.5 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Yeronga in 2016 was 6535 people. By 2021 the population was 7062 showing a population growth of 8.1% in the area during that time. The predominant age group in Yeronga is 20-29 years. Households in Yeronga are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yeronga work in a professional occupation.In 2021, 51.90% of the homes in Yeronga were owner-occupied compared with 53.30% in 2016.

Yeronga has 3,712 properties. Over the last 5 years, Houses in Yeronga have seen a 71.56% increase in median value, while Units have seen a 96.20% increase. As at 31 December 2025:

  • The median value for Houses in Yeronga is $1,672,648 while the median value for Units is $885,212.
  • Houses have a median rent of $675 while Units have a median rent of $600.
There are currently 15 properties listed for sale, and 8 properties listed for rent in Yeronga on OnTheHouse. According to Cotality's data, 162 properties were sold in the past 12 months in Yeronga.

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Matthew Griffiths
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RE/MAX First Residential - Coorparoo
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