25/49 Russell StreetSouth Brisbane QLD 4101
Property Details for 25/49 Russell St, South Brisbane
25/49 Russell St, South Brisbane is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 64m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in May 2019.
Last Listing description (June 2020)
Two studio apartments in the Parkview Apartments complex have become available and offer an unbeatable investment opportunity.
Both studios have been immaculately maintained and include a kitchenette, spacious bathroom with shower-over-bath combination, large living and bedroom area with ceiling fans and air-conditioning plus private balcony. The building itself is home to an in-ground pool, spa, and spacious poolside entertaining area with barbeque.
There are many lucrative investment options for these studio apartments. They include:
A combined long-term rental appraisal of $560 - $600 per week;
Join the Parkview Apartments hotel pool which allows both studios to be rented for up to $300 per night combined;
Set your own rate by utilising a short-term rental option such as AirBnB;
Considering the proximity to Griffith University, you could purchase both studios and rent one out to children or grandchildren who are studying in Brisbane while entering the other apartment into the hotel pool.
Regardless of your choice, the demand for these apartments is high. Occupancy rates in the hotel pool are between 75% - 80%, and the long-term rental vacancy rates are only 2%.
The Brisbane CBD is within 1.5km and it is a short stroll to the South Bank Cultural Precinct. QPAC and the Brisbane Convention Centre are just a stone's throw away - these studios are perfect for travellers to utilise while they are attending nearby events, and they can enjoy a meal at the nearby West End cafe precinct the next morning.
Regardless of how you structure your investment, it is sure to be lucrative with so many options available. Book your private inspection now by calling Luke O'Kelly on 0408 330 161 or Matt Sale on 0423 240 379.
Additional features:
- Rates approximately $394.20 p.q per lot i.e two studios;
- Water approximately $242.36 p.q per lot i.e two studios;
- Body corporate approximately $1474p.q per lot i.e two studios;
- Intercom to each apartment;
- One secure car space.
Property History for 25/49 Russell St, South Brisbane, QLD 4101
- 14 Jun 2019Listed for Sale SOLD - $295,000
- 14 May 2019Sold for $295,000
- 05 Jan 2007Sold for $1,275,000
Recent sales nearby
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About South Brisbane 4101
The size of South Brisbane is approximately 2.3 square kilometres. There are 14 parks, covering nearly 12.6% of the total area. The population of South Brisbane in 2016 was 7196 people. By 2021 the population was 14292 showing a population growth of 98.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation.In 2021, 27.40% of the homes in South Brisbane were owner-occupied compared with 29.60% in 2016.
South Brisbane has 10,571 properties. Over the last 5 years, Houses in South Brisbane have seen a 42.09% increase in median value, while Units have seen a 82.89% increase. As at 31 July 2026:
- The median value for Houses in South Brisbane is $1,855,981 while the median value for Units is $955,971.
- Houses have a median rent of $795 while Units have a median rent of $805.
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