176 Waterworks Rd, Ashgrove is a 2 bedroom, 14 bathroom Unit with 24 parking spaces. The property has a land size of 1986m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
The iconic 'Ashgrovian Apartments' complex is easily recognised as one of Ashgrove's most notable apartment blocks. Built with respect to the area and what nature provides around it, the residences here have a high rental demand and rarely vacant.
Built and maintained by the current owner as a high yielding investment, the complex has very low maintenance and easily managed. 14 large 2 bedroom, 2 bathroom apartments all with oversized balconies facing south, taking in views to Mt Coot-Tha and the CBD.
The building has a secure lobby with intercom and remote controlled vehicle access. There are 20 basement car parks with 4 visitor carparks on entry level.
The apartments have stone bench top kitchens with larger living spaces than the average apartment in the area. Air-conditioning, ensuites, a WIR in the main bedroom and built-in robes all come standard with each apartment. Finished with blinds and screens each tenancy maintains their privacy.
The property can be strata titled by the new owner. Fees paid at the time of construction.
Sitting on 1986m2, high on the ridge, residents overlook Ithaca Creek, the Red Hill Community Sports Club and Broncos League Clubs.
The apartments are less than 300m to the Ashgrove shopping hub which includes major shops, cafes and gift shops. With the CBD less than 4kms away, the bus is at you door.
This is a unique opportunity to take hold of a bricks and mortar investment to secure your financial future.
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 5,677 properties. Over the last 5 years, Houses in Ashgrove have seen a 70.01% increase in median value, while Units have seen a 120.41% increase. As at 31 March 2026:
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