2/117 Musgrave RoadRed Hill QLD 4059
Property Details for 2/117 Musgrave Rd, Red Hill
2/117 Musgrave Rd, Red Hill is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 44m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (August 2022)
* Triple your investment with 3 in 1 complex
* Air-BnB or lease
* Steady occupancy rate upwards of 75%
* Fresh and tidy ready to lease now
* Inspections by appointment only call 24hrs
Situated in the upbeat and social suburb of Red Hill, these gorgeous inner-city apartments provide the ideal investment locale. Quaint and charming with everyday needs covered, this could be the hat-trick of your investment portfolio!
With the Olympics headed to Brisbane in the coming years, savvy investors will appreciate the chance to seize property within the current market and generate an excellent return for years to come.
This charming building showcases a rich character heritage, exuding warmth and charm the perfect atmosphere for your guests' next getaway.
Filled with light and boasting low maintenance for easy management, this opportunity allows for investors to consider the options of both traditional leasing or more modern strategies such as Air BnB.
The current owner has done all the work to ensure these apartments are of the highest presentation, currently operating all 3 as successful Air BnBs. All you have to do is take over the portfolio and reap the benefits.
Within proximity to so many great local attractions, there's a reason these units attract such a high occupancy rate. Guests have the convenience of walking to any of these fantastic destinations:
- Supcorp Stadium
- Brisbane CBD
- The Normanby Hotel
- Red Hill Cinemas
- The Barracks
- Caxton Street
- Boutique shopping precincts
- Everyday amenities
To furnish or not to furnish? That is the question! These units are offered either fully furnished or vacant. If you would like more information, or a viewing of these inner-city stunners, please call Arthur Conias Ashgrove today on 07 3366 5826. If you are looking for your first home or a single investment, get in touch today with the opportunity to purchase just 1 (or 2) units also available.
Property History for 2/117 Musgrave Rd, Red Hill, QLD 4059
- 11 May 2022Sold for $1,047,500
- 26 Apr 2022Listed for Sale Contact Agency
- 25 May 2017Listed for Rent $250 / week
Recent sales nearby
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0About Red Hill 4059
The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2016 was 5560 people. By 2021 the population was 5834 showing a population growth of 4.9% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation.In 2021, 52.10% of the homes in Red Hill were owner-occupied compared with 50.50% in 2016.
Red Hill has 2,829 properties. Over the last 5 years, Houses in Red Hill have seen a 80.07% increase in median value, while Units have seen a 109.91% increase. As at 30 November 2025:
- The median value for Houses in Red Hill is $1,734,759 while the median value for Units is $911,543.
- Houses have a median rent of $750 while Units have a median rent of $573.
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