119/54 Vernon Terrace, Teneriffe, QLD 4005 | Property Value & History | OnTheHouse
 
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119/54 Vernon Terrace
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 101m2
Land area: 114m2
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Property Details for 119/54 Vernon Tce, Teneriffe

119/54 Vernon Tce, Teneriffe is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1920. The property has a land size of 114m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
Unit
Year Built
1920
Floor Size
101m2
Land Size
114m2
Local Government
Brisbane
Lot/Plan
119/SP142198

Last Listing description (August 2024)

This fantastic opportunity offers the absolute best in location, size, character and potential. Step inside and prepare to be amazed with the beautiful double height ceilings, polished timber floors, exposed timber beams and brickwork that sets these homes apart from any other product in the market.

Spread over an extremely generous floor plan, this two-bedroom two-bathroom apartment has ample room for value adding down the track. The floor plan could easily be tweaked to create a third bedroom.

The apartment boasts a huge tiled balcony, a rarity in the Woolstores, which opens to allow a refreshing breeze into the apartment. This area will create a large social aspect with ample room to build an entertainers kitchen or a wet bar.

Property Snapshot
2 Bedrooms
2 Bathrooms
Huge potential to value add with renovations or adding a third bedroom
Air-conditioning
Large tiled balcony
Large open plan living
High ceilings, original exposed timber beams
Original well-maintained timber floors
Building facilities pool, lift and on-site management

Teneriffe is the former historical docklands area of Brisbane, and now is a vibrant inner city village with cafes, bars, restaurants, river boardwalks, New Farm Park, fortnightly farmer's markets at the powerhouse, Gasworks shopping precinct, Airport link connection and public transportation to CBD via bus, city cat or city glider.

The owner has made the decision to sell and is looking at all offers. For more information, please contact the agent.

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Property History for 119/54 Vernon Tce, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$1,360,000
02 Jul 2024
  • 02 Jul 2024
    Listed for Sale Pre Market Opportunity
  • 02 Jul 2024
    Sold for $1,360,000
  • 07 Dec 2020
    Listed for Sale For Sale
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About Teneriffe 4005

The size of Teneriffe is approximately 0.9 square kilometres. There are 2 parks, covering nearly 4.3% of the total area. The population of Teneriffe in 2016 was 5335 people. By 2021 the population was 5520 showing a population growth of 3.5% in the area during that time. The predominant age group in Teneriffe is 30-39 years. Households in Teneriffe are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Teneriffe work in a professional occupation.In 2021, 46.30% of the homes in Teneriffe were owner-occupied compared with 42.30% in 2016.

Teneriffe has 3,802 properties. Over the last 5 years, Houses in Teneriffe have seen a 43.33% increase in median value, while Units have seen a 99.45% increase. As at 30 April 2026:

  • The median value for Houses in Teneriffe is $3,076,524 while the median value for Units is $1,301,453.
  • Houses have a median rent of $1,100 while Units have a median rent of $800.
There are currently 25 properties listed for sale, and 13 properties listed for rent in Teneriffe on OnTheHouse. According to Cotality's data, 203 properties were sold in the past 12 months in Teneriffe.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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