42 Second AvenueSandgate QLD 4017
Property Details for 42 Second Ave, Sandgate
42 Second Ave, Sandgate is a 5 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1930. The property has a land size of 653m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in February 2024.
Last Listing description (March 2024)
Dreamy flats ONE minute walk from the waterfront & THREE minute walk to the town hub!
Whether you are an executive that spends their days monitoring the stock market from your spacious home office overlooking the ocean or perhaps you are a foodie that knows where to get the best fish & chips down Flinders and enjoys managing their personal Bed & Breakfast behind an almond latte at Myrtle & Blossom,- 42 Second Avenue certainly caters for all.
This iconic set of character flats is the best kept secret in town & the wise adage "Don't judge a book by its cover" has never been more accurate!
These 4 flats are oozing charm & romance and have been so dearly loved by many for generations. Every local will tell you that the Avenues from Second to Seventh are the prime location because of their proximity to every creature comfort imaginable. Foreshore, coffee shops, restaurants, grocery stores, health clubs, libraries, museums, boutiques, - it is all on your doorstep! This truly is where you come to sail off into the sunset & time comes to standstill.
With ample yard space for an extension, 4 could easily become 6 and $156,420 could become $281,556 PER YEAR in gross income!*
Option 1: Keep as long-term tenancy & landbank
Option 2: Restructure into a short-term Bed & Breakfast & live off positive cashflow
Option 3: Renovate to meet the elite Bayside Bed & Breakfast scene & pay off your mortgage in the next 5 years
Option 4: Move in one, lease the rest & axe your mortgage to the bare minimum
FEATURING
Dual entry to each flat
Soaring ceilings
Spacious excluded kitchens where you can cook up a storm & not worry about the mess
Brilliant size bedrooms
Solid timber flooring ready to be restored
Phenomenal size yard
Ample space under the house suitable for a workshop or to store those big boy toys
Low maintenance garden
Secure undercover parking
GROUND FLOOR
Communal laundry, storage facilities & 4 car accommodation
TOP FLOOR
FLAT1 two bedrooms, living room with unobstructed water views, bathroom with a toilet, spacious open plan kitchen & dining
FLAT2 one bedroom, living, bathroom, open plan kitchen & dining, private external toilet
FLAT3 one bedroom, living, bathroom, open plan kitchen & dining, private external toilet
FLAT4 one bedroom, living, bathroom with a toilet, open plan kitchen & dining
You will never find better tenants more in awe of their home so whether you choose to keep it as a long term tenancy or eventually convert it into Bed & Breakfast or perhaps you would like to put on that hardhat & convert it into an enormous single family home,- 42 Second Avenue is now ready for the next chapter!
LOCATION LIKE NO OTHER!!!
Sandgate community Kindergarten & Preschool 11min walk
Sandgate State School 11min walk
Shorncliffe State School 3min drive
Saint Patricks College 4min drive
Ample of cafes & restaurants short stroll away
Woolworths 3min walk
Aldi 6min walk
Sandgate Village shopping hub 3min walk
Sandgate/Brighton Foreshore 1min walk
Curlew Park 12min walk
Shorncliffe Pier 4min drive
Sandgate Golf Club 4min drive
Sandgate Yacht Club 4min drive
Sandgate train station 6min walk
Multiple bus stations within minutes away
Brisbane Airport 15min drive
Brisbane CBD 33min drive
CALL TO DISCUSS YOUR INVESTMENT OPTIONS NOW!
*structural works as well as subdivision may required BCC approval & DA*
*rental incomes are subject to market trends*
Property History for 42 Second Ave, Sandgate, QLD 4017
- 27 Feb 2024Listed for Sale SOLD off market by Kristel Koidu
- 03 Feb 2024Sold for $1,350,000
- 17 Nov 2022Listed for Sale Offers Over $1,399,000
Recent sales nearby
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About Sandgate 4017
The size of Sandgate is approximately 3.2 square kilometres. It has 12 parks covering nearly 40.3% of total area. The population of Sandgate in 2016 was 4909 people. By 2021 the population was 4926 showing a population growth of 0.4% in the area during that time. The predominant age group in Sandgate is 50-59 years. Households in Sandgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandgate work in a professional occupation.In 2021, 63.60% of the homes in Sandgate were owner-occupied compared with 60.90% in 2016.
Sandgate has 2,327 properties. Over the last 5 years, Houses in Sandgate have seen a 78.03% increase in median value, while Units have seen a 97.94% increase. As at 30 November 2025:
- The median value for Houses in Sandgate is $1,326,298 while the median value for Units is $665,370.
- Houses have a median rent of $700 while Units have a median rent of $513.
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