401/85 O'Connell St, Kangaroo Point is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 98m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Situated on the top floor of the rarely available 'Vivid' building, this oversized two bedroom apartment enjoys a sweeping panorama of the city skyline. An unmissable opportunity for first home buyers, owner occupiers looking for low maintenance inner city living and investors looking for strong rental prospects and low vacancy.
Showcasing a sleek and modern aesthetic, the spacious living and dining area forms the heart of the residence. The fully functional and equipped kitchen offers plenty of bench space with stainless steel appliances and ample storage space throughout. Glass sliding doors open out to a spacious entertainer's balcony, for you to sit back and enjoy the ever-changing city views.
This floorplan is perfectly laid out creating great separation between the bedrooms. The king sized master suite is of great proportion offering built in robes, balcony access through the floor to ceiling glass doors and private ensuite. The equally as spacious second bedroom boasts built in robes and easy access to the main bathroom. Both oversized bedrooms enjoy superb natural light and privacy positioned on each end of the apartment.
Complete with secure parking for one car, residents will also appreciate ample visitor parking and direct access to large rooftop entertaining terrace with BBQ facilities. Other notable features include a separate internal laundry, air conditioning and an abundance of storage.
Property features:
- Sweeping panoramic city views
- Functional kitchen with ample storage space & quality appliances
- Open plan kitchen flowing seamlessly into the living & dining area
- Spacious master suite with built in robes, ensuite and balcony access
- Ensuite with shower & toilet
- Equally spacious second bedroom with built in robes
- Main bathroom with shower & toilet
- Radiant natural light & breezes
- Internal laundry
- One secure undercover car space
- Visitor car parking
- Security intercom with lift access
- Direct access to large rooftop entertainment terrace with bbq facilities
Body corporate contributions: $5,038 p.a.
Council rates: $1,600 p.a. (Approx)
Expected rental return of $650 per week.
Kangaroo Point is an upscale inner-city peninsula paradise, surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, buses with quick access to the Clem Jones tunnel, South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the Gabba'.
The area boasts many high-quality restaurants and cafes, all within walking distance. Those who reside in Kangaroo Point enjoy the benefits of an inner-city lifestyle in a peaceful setting without the hustle and bustle. Strong demand exists for both rentals and sales in this exclusive premier location.
The size of Kangaroo Point is approximately 1.8 square kilometres. There are 6 parks, covering nearly 12.0% of the total area. The population of Kangaroo Point in 2016 was 8063 people. By 2021 the population was 9689 showing a population growth of 20.2% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation.In 2021, 36.00% of the homes in Kangaroo Point were owner-occupied compared with 36.90% in 2016.
Kangaroo Point has 7,150 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 52.25% increase in median value, while Units have seen a 91.88% increase. As at 30 June 2026:
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