FOR SALE
OFFERS OVER $1.9 MILLION

39 Andrews Street
Cannon Hill QLD 4170

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 759m2
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DA + BA READY TO BUILD :: HOME & 2 X TRI LEVEL TOWNHOUSES :: WALK TO TRAINS/SHOPS

Team Warren exclusively presents this this Golden DA and BA approved development opportunity for the astute developer or investor. The vendors are motivated to sell as they are focusing on 2 other projects. This is your chance to secure this superbly located 759m2 Medium Density zoned block no character or demolition control. It is in the NPP-003f Cannon Hill Station sub precinct.
The hard work is already sorted. All you need to do is buy pending BA approval and start building straight away. Cannon Hill Train Station is just at the end of the street. It is located just a few minutes' drive from the Brisbane city centre. There are several small and medium size developments already completed on this street and this pocket. New developments are on their way.
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DA + BA FEATURES -
- Approval to retain and renovate existing home and build 2 x 3 level luxury townhouses at the back of the large block.
- Townhouses are 3 bed with a large study area which could be used as an multi-purpose room.
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Options for Developers / Investors -
A. Hold for strong potential Capital growth with a rental potential of $650 - $680 per week.
B. Build with the current DA + BA and reap the rewards from the hard work already done for you.
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Property Details for 39 Andrews St, Cannon Hill

39 Andrews St, Cannon Hill is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 759m2. The place is currently for sale with RE/MAX Bayside-Results.

Building Type
House
Land Size
759m2

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About Cannon Hill 4170

The size of Cannon Hill is approximately 3.8 square kilometres. It has 8 parks covering nearly 42.9% of total area. The population of Cannon Hill in 2011 was 4,507 people. By 2016 the population was 5,542 showing a population growth of 23.0% in the area during that time. The predominant age group in Cannon Hill is 30-39 years. Households in Cannon Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cannon Hill work in a professional occupation. In 2011, 71% of the homes in Cannon Hill were owner-occupied compared with 65.1% in 2016.

Cannon Hill has 3,137 properties. Over the last 5 years, Houses in Cannon Hill have seen a 92.47% increase in median value, while Units have seen a 64.66% increase. As at 31 October 2024:

  • The median value for Houses in Cannon Hill is $1,384,526 while the median value for Units is $687,124.
  • Houses have a median rent of $700 while Units have a median rent of $600.
There are currently 19 properties listed for sale, and 13 properties listed for rent in Cannon hill on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Cannon hill.

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Varun Kapoor (Warren)
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RE/MAX Bayside-Results
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