122/51 Hope St, Spring Hill is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 87m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
This exciting opportunity offers a third floor, low maintenance, two bedroom apartment conveniently positioned in the desirable inner city position of Spring Hill. This is an ideal property for the savy investor.
Investors will be able to capitalise on the high rental demand of this locale and enjoy a current fixed term lease of $465 per week, ending March 2018.
Light filled, the open plan living and dining flows through to the well-appointed kitchen and balcony. This culinary space is equipped with a gas cooktop, plenty of storage and a servery window that adjoins an entertainer s balcony, a great place to relax and take in the surrounding views.
The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2016 was 5974 people. By 2021 the population was 6593 showing a population growth of 10.4% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation.In 2021, 30.00% of the homes in Spring Hill were owner-occupied compared with 29.90% in 2016.
Spring Hill has 5,428 properties. Over the last 5 years, Houses in Spring Hill have seen a 80.02% increase in median value, while Units have seen a 93.56% increase. As at 31 March 2026:
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