Wellington Point secures Brisbane's priciest
The most costly property to sell in Brisbane at the weekend auctions was a $1.231 million house in Wellington Point, 22 kilometres southeast of the CBD.
The 10 year old residence at 7 Allan Day Drive has four-bedrooms and is moments away from Waterloo Bay. It was sold through Harcourts Green Living, according to Australian Property Monitors.
Located on 800 square metres, the house has reverse cycle air-conditioning, a media room, two ensuite bathrooms and two additional bathrooms, indoor and outdoor living zones plus a pool.
The house was rented in 2013 for $950 a week, which reflects a yield of 4% for an investor.
Wellington Point has a median house price of $520,000, which underscores the exclusive location of this house within the Sovereign Estate, which was developed in the early 2000s.
It is the first residential sale on the tightly held street this year.
Last year two houses sold on Allan Day Drive. A modern four-bedroom, four bathroom residence on 800 square metres at number 37 traded for $1 million while another resort-style house on 824 square metres exchanged for $1.47 million.
