15 Quandong StreetAshgrove QLD 4060
Property Details for 15 Quandong St, Ashgrove
15 Quandong St, Ashgrove is a 0 bedroom, 0 bathroom Unit with 5 parking spaces. The property has a land size of 630m2. While the property is not currently for sale or for rent, it was last sold in August 2020.
Last Listing description (October 2020)
We present a wonderful opportunity to acquire a cash flow investment in the blue-chip suburb of Ashgrove QLD generating a total annual income approx. $1,135 per week or $59,020 per annum.
Click the virtual tour button to explore this property.
Potential options could be
Update the unit interiors to increase rental return by approx. $50 per week each
Raise the floor level to add car parking under the building and if combined with interior renovations could add around $100 per week of income, subject to council approval.
Accommodation - 5 X 1 Bedroom units on single title.
Land Size 630sqm
Land Valuation as at 30 June 2019 - $570,000
Income -
Unit 1/15 Quandong
Leased till 20/11/21 @ $225pw
Unit 2/15 Quandong
Leased till 08/1/21 @ $240pw
Unit 3/15 Quandong
Leased till 08/09/21 @ $230pw
Unit 4/15 Quandong
On periodic lease @ $200pw
Unit 5/15 Quandong
Leased till 23/10/20 @ $240pw
Total annual income approx. $1,135 per week or $59,020 per annum.
Rates Approx $1305 per quarter or $5230 per year
Water Approx $1000 per quarter or $4,100 per year
Insurance currently with RACQ Bank - $2,200 per year (with excess set at $2500). Seek own quote.
Property Management Expenses approx. 6% per year or $3,572
Net Income Approx = $43,918
Properties are separately metered for gas, electricity and NBN.
Boundary areas shown are approx. Internal Pictures are of unit 3.
Property History for 15 Quandong St, Ashgrove, QLD 4060
- 28 Aug 2020Sold for $820,000
- 01 Jun 2020Listed for Sale Over $800,000
- 06 Aug 2019Listed for Sale Over $800,000
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About Ashgrove 4060
The size of Ashgrove is approximately 5.9 square kilometres. It has 33 parks covering nearly 17.2% of total area. The population of Ashgrove in 2016 was 13039 people. By 2021 the population was 13450 showing a population growth of 3.2% in the area during that time. The predominant age group in Ashgrove is 10-19 years. Households in Ashgrove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashgrove work in a professional occupation.In 2021, 71.50% of the homes in Ashgrove were owner-occupied compared with 69.00% in 2016.
Ashgrove has 5,675 properties. Over the last 5 years, Houses in Ashgrove have seen a 65.67% increase in median value, while Units have seen a 117.30% increase. As at 30 April 2026:
- The median value for Houses in Ashgrove is $1,990,379 while the median value for Units is $987,821.
- Houses have a median rent of $910 while Units have a median rent of $650.
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