80/239 Wickham Tce, Spring Hill is a 1 bedroom, 1 bathroom Unit and was built in 1994. The property has a land size of 30m2 and floor size of 30m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
This is a perfect opportunity and ideally suited to an investor or Self-Managed Superannuation Fund to maximise potential returns with the well-established Metro Hotel chain.
This studio apartment is positioned high on the 5th floor of the complex overlooking Wickham Park and its heritage-listed 'Old Windmill Tower'. The rental returns have been very consistent with an average of $10,100 per annum in income.
The studio is fully furnished and complete with either two singles or a queen bed, providing accommodation for a vast majority of groups. The room offers complimentary tea and coffee making facilities, a small fridge, hairdryer, iron and ironing board, in-room Wi-Fi and complimentary Foxtel ensuring hotel guest are more than comfortable. The hotel also offers an external laundry and dry cleaning services. Reception is manned 24hours a day and all rooms have security card access only.
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 5,427 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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