57 Thistle StreetLutwyche QLD 4030
Property Details for 57 Thistle St, Lutwyche
Last Listing description (January 2024)
The 31 room Level 1 approved Boarding House is being offered to the market for the first time since 2004.
The property is located in the heart of Lutwyche with close proximity to Market Central Shopping Centre, Kedron Brook and the Brisbane City Council bus network.
The accommodation is in great condition with kitchens and bathrooms regularly maintained and rooms updated frequently.
The fully leased income is approximately $265,000 per annum. Running costs are approximately $85,000 PA.
The property is professionally managed by Tina Georgiou Property Management and has current occupancy of 100%! (October 2021).
Please email me for an Information Memorandum and supporting documents.
Property History for 57 Thistle St, Lutwyche, QLD 4030
- 19 Nov 2021Sold for $1,875,000
- 04 Feb 2021Listed for Sale $1,850,000
- 21 Jun 2006Transferred for $63,400
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About Lutwyche 4030
The size of Lutwyche is approximately 0.9 square kilometres. It has 9 parks covering nearly 11.8% of total area. The population of Lutwyche in 2016 was 3454 people. By 2021 the population was 4610 showing a population growth of 33.5% in the area during that time. The predominant age group in Lutwyche is 20-29 years. Households in Lutwyche are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lutwyche work in a professional occupation.In 2021, 31.30% of the homes in Lutwyche were owner-occupied compared with 34.20% in 2016.
Lutwyche has 3,056 properties. Over the last 5 years, Houses in Lutwyche have seen a 62.52% increase in median value, while Units have seen a 114.45% increase. As at 31 March 2026:
- The median value for Houses in Lutwyche is $1,647,172 while the median value for Units is $893,880.
- Houses have a median rent of $745 while Units have a median rent of $630.
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