176 Waterworks Road, Ashgrove, QLD 4060 | Property Value & History | OnTheHouse
OFF MARKET

176 Waterworks Road
Ashgrove QLD 4060

Bedrooms: 2
Bathrooms: 14
Car spaces: 24
Land area: 1986m2
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Property Details for 176 Waterworks Rd, Ashgrove

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.

Building Type
Unit
Land Size
1986m2
Local Government
Brisbane
Lot/Plan
176/SP217716

Last Listing description (July 2022)

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.

Property History for 176 Waterworks Rd, Ashgrove, QLD 4060

A timeline of how this property has performed in the market
Last Sold
$5,625,000
20 Mar 2021
Listed for Rent
$460/w
15 Oct 2020
  • 20 Mar 2021
    Sold for $5,625,000
  • 26 Nov 2019
    Listed for Rent $460 / week
  • 18 Apr 2019
    Listed for Sale $6,000,000
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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 5,677 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:

  • The median value for Houses in Ashgrove is $1,981,259 while the median value for Units is $979,168.
  • Houses have a median rent of $875 while Units have a median rent of $650.
There are currently 13 properties listed for sale, and 7 properties listed for rent in Ashgrove on OnTheHouse. According to Cotality's data, 217 properties were sold in the past 12 months in Ashgrove.

Suburb Insights for Ashgrove 4060

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.