259 Cornwall StreetGreenslopes QLD 4120
Property Details for 259 Cornwall St, Greenslopes
259 Cornwall St, Greenslopes is a 11 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 809m2.
Last Listing description (August 2018)
Patti Steele of Harcourts Stones Corner is proud to show you this interesting investment opportunity.
Brisbane is constantly identified for growth in its Real Estate market. These 6 x 2 bedroom double cavity brick flats, all on Residential Leases with two tenants over 10 years. This block of 2 level units is currently returning $89,206 per year before expenses (rates, water etc). Strata is registered but not currently activated.
Covered Garages for each unit and common laundry for tenants.
Options here:
*Renovate and improve on each lease renewal to increase rent return (average $285 per week rent)
*Hold in Super Fund
*Renovate each unit and sell off individually
*Rent as is until site redevelopment - zoned low/medium density with 3 levels (potential to double the volume and increase the return?)
AUCTION ON-SITE Saturday 17th March @ 12pm
Property History for 259 Cornwall St, Greenslopes, QLD 4120
- 23 Feb 2018Listed for Sale SOLD $1,530,000
Recent sales nearby
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0About Greenslopes 4120
The size of Greenslopes is approximately 2.5 square kilometres. It has 11 parks covering nearly 10.5% of total area. The population of Greenslopes in 2016 was 8936 people. By 2021 the population was 7941 showing a population decline of 11.1% in the area during that time. The predominant age group in Greenslopes is 20-29 years. Households in Greenslopes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenslopes work in a professional occupation.In 2021, 45.90% of the homes in Greenslopes were owner-occupied compared with 40.80% in 2016.
Greenslopes has 4,774 properties. Over the last 5 years, Houses in Greenslopes have seen a 65.62% increase in median value, while Units have seen a 111.77% increase. As at 31 December 2025:
- The median value for Houses in Greenslopes is $1,387,515 while the median value for Units is $826,123.
- Houses have a median rent of $650 while Units have a median rent of $600.
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