Key Points:

  • 11 apartments, all two (2) bedroom
  • Neighbouring QUT Kelvin Grove, Victoria Park Gold Course and Royal Brisbane Hospital
  • Italian Ilve brand appliances
One66 Construction May 2016 No 2
One66 Construction Photo May 2016
One66 Construction May 20161
One66 Construction Photo May 2016 No 2
One66 Construction Photo January 2016
One66 Construction Photo Jan 2016 No 2
One66 Construction May 2016 No 2
One66 Construction May 20161

It will feel like you are living right on the kelvin grove campus.

As a university student, sometimes it can be hard finding accommodation that is right near your campus.  If you are a student at the Queensland University of Technology (QUT) Kelvin Grove campus, and you live at One66 on Herston,  this is most certainly the location for you. One66 is located right opposite the campus… so close you could easily roll out of bed five minutes before your class starts – not that we recommend that, of course!

One66 on Herston is also perfect for workers at the Royal Brisbane and Women’s Hospital, as it is only around 1km away.

Given its proximity to these two major facilities, we would expect a strong rental demand.

The Project:

One66 has 11 apartments to choose from and construction is complete. We have been advised that there had been equal interest from investors and also owner occupiers because of the location.

One66 is specifically targeted at investors given its proximity to the university and the hopsital, both major employment and student hubs. As the building is a walkup (no lift) and also has no pool or other facilities common in larger projects, its ongoing body corporate and sinking fund fee’s should be low, offering the potential of perhaps stronger income returns.

A Mitsubishi split system air-conditioner is located in the main bedrooms and ducted air conditioning vents are located in all rooms in apartments 8, 9, 10 and 11.

At the time of construction, buyers could choose an upgrade to the apartment to have barbecue gas points and an outdoor heater on the balcony or in the courtyard. We are unaware of which apartments went with this upgrade but we think it’s a great feature if the owners chose to!

There are security screens on the ground and podium levels and blinds to all apartments. A security camera also operates in the car park.

Every apartment also has a car space in the secure car park, which also has an electric gate and an intercom system.

Location:

Herston is an inner city suburb just to the north of the Brisbane CBD. It has a younger demographic than most Brisbane suburbs, with a significant university student population and also young health professionals working at the nearby Royal Brisbane and Women’s Hospital.

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To travel to One66, you need to take the Kelvin Grove Road Exit off the Inner City Bypass, then turn right onto Lormier Terrace and finally turn right onto Herston Road. One66 on Herston is on your left; however, parking in the area is difficult because of the Kelvin Grove campus being opposite the apartments. There are a number of paid parking places along Herston Road but your best bet is to park in the streets behind Herston Road. But even then it may be difficult.

You may expect some traffic noise as Herston Road is busy at particular times during the day. It is used as a bit of interconnection between Bowen Bridge Rd and Kelvin Grove Rd, as well as carrying general traffic servicing both the QUT Campus and the Royal Brisbane Hospital.

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The 2011 Australian Census showed that Herston has a small population of around 1800 and the average age for the suburb is 29, eight years below the Australian median.

If you are into swimming, the Centenary Pool in Spring Hill is just five minutes away from One66 apartments. The Victoria Park Golf Club is also close by. It’s just 650 metres from the apartment building and has a bistro and bar that caters for breakfast, lunch and dinner. The golf course opened in 1931 and offers lessons, competitions, a putt putt course and a 300-metre driving range that caters to allages and golfing experience.

Aldi supermarket is three minutes away, and it’s the same distance to the Kelvin Grove Woolworths in the QUT campus. Up the road from the Aldi, there is also a Coles supermarket. So you have all your food shopping choices covered!

The closest major shopping precinct is the CBD,  easily reached by walking to Kelvin Grove Station and catching the bus.

Surrounding suburbs are Newmarket, Wilston, Windsor, Kelvin Grove, Spring Hill and Fortitude Valley.

Qualities & Finishes:

There was to be carpet installed in the bedrooms and ceramic tile flooring in the living, dining, kitchen and bathroom areas. Walls were to be painted plasterboard with a tiled splashback in the kitchen. All of which may or may not have been updated since.

The bedrooms’ built-in robes had shelving, drawers and hangers with mirror sliding doors.

Kitchen appliances were to be from the Italian Ilve brand.  Benchtops were to be 20mm reconstituted stone, with an upgrade offered to purchasers to 40mm.

All rooms were to have LED downlights, with a dimmer in the lounge. Bedrooms with fan/lights. There will be television outlets and pay TV in all bedrooms and the lounge room.

One66 on Herston does not have an onsite manager.

Transport, Schools & Amenities:

One66 on Herston is in a great location because it is situated near Brisbane’s leading public and private schools. Brisbane Grammar, Brisbane Girls Grammar and St Joseph’s Catholic College are all within five minutes of the apartments. Kelvin Grove State College is adjacent from QUT and so it is an easy walk.  St Ambrose Catholic Primary School is a four-minute drive from One66.

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(View of QUT on ground level, across the street)

Kelvin Grove Station is the closest major bus station.

A free shuttle bus runs between QUT’s Kelvin Grove and Gardens Point campuses so all you need to do is walk to Kelvin Grove and you are all sorted. To travel to the University of Queensland (UQ) St Lucia campus, you need to catch bus 66 from Kelvin Grove station to King George Square station, and then the 412 bus to the campus. It is a 13-minute drive from One66 on Herston to UQ. The University Of Queensland School Of Dentistry is a 10-minute walk from One66 Apartments.

As mentioned before, the nearest hospital to One66 on Herston is the Royal Brisbane and Women’s Hospital that is only a five minute drive.

Pricing & Rental Return:

There are two one-bedroom apartments and nine two-bedroom apartments. The prices for these when they first hit the market started from $439,000 for the one-bedroom apartment and $495,000 for the two-bedroom apartments.

Rental prices for One66 at the time of construction were estimated between $420 to $450 per week for one bedroom apartments and go up to $490 to $540 per week for two bedroom apartments.

The estimated body corporate fees at the time of construction were between $736 and $1366 per year

If you are an owner or resident at One66 on Herston, tell the PropertyMash community about what you love living at One66 on Herston.

Owners of One66 on Herston can request a no obligation market appraisal from our local suburb experts for Herston at no cost. Simply complete the contact form and they will be in touch.

Suburb Experts

Written: 10 February 2016, Updated: 7 November 2019

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