721/188 Shafston AvenueKangaroo Point QLD 4169
Property Details for 721/188 Shafston Ave, Kangaroo Point
721/188 Shafston Ave, Kangaroo Point is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Unit sold in Kangaroo Point in the last 12 months.
Last Listing description (December 2023)
Investor's Dream: Seize this Exceptional Opportunity with a Studio Apartment
This charming studio apartment, offering partial river views and situated on the 7th floor of the 'Shafston University Mansions' building, is a golden opportunity for astute investors. Whether you're an experienced investor expanding your portfolio or someone new to the game, this property promises outstanding returns and a prime location in the heart of Brisbane.
Step onto your private balcony and breathe in the fresh air while soaking in the tranquil river views, creating the perfect atmosphere for relaxation and attracting potential renters.
Upon entry, you'll discover a versatile living and sleeping area that connects to a well-maintained bathroom. This central space features a built-in wardrobe and a convenient study nook, making it ideal for renters looking for both convenience and comfort. Additionally, a well-appointed kitchenette with a tiled splashback and ample cupboard storage completes the picture.
Key Investor-Focused Features:
- Fully furnished for immediate rental income
- Built-in robes attract tenants seeking storage
- Onsite management streamlines the rental process
- Secure complex with elevator access, appealing to renters' safety concerns
- Amenities like a recreational lounge, fully equipped gym, and cafeteria enhance rental appeal
- Low-maintenance, cost-effective body corporate fees covering electricity and internet contribute to positive cash flow
- Proven low vacancy rates ensure a steady income stream
- Exceptional rental returns make this a sound investment choice
Current Rent: $420 Per Week
Body Corporate Fees: $3,897 per annum
Council Rates: $1,923 per annum
The strategic location of the iconic Shafston Mansion building effortlessly appeals to the student and professional renter market, ensuring a consistent flow of potential tenants.
The Shafston Mansion building offers an array of amenities, including a recreational lounge, on-site laundry facilities, fully equipped indoor and outdoor gyms, a cafeteria, and photocopying/printing services?all attractive features for prospective tenants.
Kangaroo Point, an upscale inner-city peninsula paradise, is the perfect backdrop for your investment. Its accessibility via ferries, City Cats, buses, and proximity to key transportation routes, such as the Clem Jones Tunnel, South East Freeway, and the Story Bridge, ensures a steady stream of renters. Entertainment options, including the Jazz Club, Story Bridge Hotel, and The Gabba, further enhance the property's appeal.
The area boasts a variety of high-quality restaurants and cafes, within walking distance, adding to the property's rental desirability. Residents of Kangaroo Point revel in an inner-city lifestyle while enjoying a serene and peaceful environment, making it an attractive prospect for both investors and tenants alike.
Don't let this exceptional investment opportunity slip through your fingers. Act now to secure a steady income stream and attractive returns with this studio apartment.
Property History for 721/188 Shafston Ave, Kangaroo Point, QLD 4169
- 20 Dec 2023Sold for $210,000
- 25 Oct 2023Listed for Sale $213,000
Recent sales nearby
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0About Kangaroo Point 4169
The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.0% of 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 7,079 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 65.18% increase in median value, while Units have seen a 96.52% increase. As at 31 March 2026:
- The median value for Houses in Kangaroo Point is $1,987,524 while the median value for Units is $1,087,797.
- Houses have a median rent of $800 while Units have a median rent of $725.
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