3-5 Phillip StreetLabrador QLD 4215
Property Details for 3-5 Phillip St, Labrador
3-5 Phillip St, Labrador is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2010. The property has a land size of 1011m2.
Last Listing description (October 2016)
Yes, this property does return $640 per week, plus on top of that you will get 5 years depreciation.
Situated over 2 floors at the back of this 2 story walk up, is this penthouse styled apartment, very popular with students due to its proximity to everything.
4 bedrooms - two with ensuite and one with own living room
2 car parks
Separate garbage bins
2 visitor parks
Per quarter - $512 body corp, $502 Water & Rates.
All long term tenants on long agreements
70m to the Highway where theres a plethora of shops, bars, restaurants, public transport and more at your finger tips.
Walk 200m to the Broadwater, there's an easement cutting through the high-rises, where you have kilometres of walking paths along the ocean right down to Southport and Main beach or up to Runaway Bay. There are also BBQ's and playgrounds every few hundred meters.
Lets weigh up the Pro's & Con's...
Pro's....
High rental return
Depreciation.
5yr old building.
Low maintenance.
200m to the Broadwater.
Close to Public Transport, Shops & Restaurants.
Low body corp.
Super easy to rent.
High growth suburb.
Con's....
Needs a little tlc
You don't own it!
Call me for a contract now before someone else does!
Property History for 3-5 Phillip St, Labrador, QLD 4215
- 08 Sep 2015Listed for Sale Not Disclosed
Recent sales nearby
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About Labrador 4215
The size of Labrador is approximately 5.0 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2016 was 18261 people. By 2021 the population was 18643 showing a population growth of 2.1% in the area during that time. The predominant age group in Labrador is 50-59 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation.In 2021, 50.80% of the homes in Labrador were owner-occupied compared with 45.10% in 2016.
Labrador has 12,071 properties. Over the last 5 years, Houses in Labrador have seen a 99.68% increase in median value, while Units have seen a 127.55% increase. As at 31 March 2026:
- The median value for Houses in Labrador is $1,252,073 while the median value for Units is $882,165.
- Houses have a median rent of $750 while Units have a median rent of $700.
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