FOR SALE
Offers over $2.25m

19 Bunowen Street
Ferny Grove QLD 4055

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 1092m2
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Rare Asset with Strong Upside

This property presents an unrivalled opportunity for investors, a set of four townhouses on a generous parcel of land in a rapidly developing locale.
- Four, two bed/one bath/one car townhouses
- Projected gross return approx. $98,800pa
- Situated on 1,092sqm LMR block with huge 27.7m frontage
- Option to renovate townhouses, adding value and increasing rental return
- Well maintained, brick and tile complex built in 1992
- Currently setup without body corporate meaning no fees, however, potential to strata-title each townhouse
- 15km from CBD, 200m from Ferny Grove Train Station
- Ferny Grove Central - 12,000sqm retail centre development in progress next to train station transforming the area into the future, with a further residential component of 82 luxury apartments incorporated into the development
Ferny Grove is a leafy pocket in the convenient north-western corridor of Brisbane, just 15km from Brisbane CBD. Serviced by a major train line, buses and arterial roads, this is a suburb suited to those who are seeking a quiet escape without compromising convenience. The local shopping complex is within walking distance of these townhouses, and is well-equipped with a large supermarket, specialty shops, boutiques and cafes. The area also offers an excellent array of school and early education options, with Ferny Grove State School, Ferny Grove State High School, and many kindy and daycare options.
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Property Details for 19 Bunowen St, Ferny Grove

19 Bunowen St, Ferny Grove is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 1092m2. The place is currently for sale with PLUM PROPERTY PTY LTD.

Building Type
BlockOfUnits
Land Size
1092m2

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About Ferny Grove 4055

The size of Ferny Grove is approximately 3.8 square kilometres. It has 22 parks covering nearly 17.3% of total area. The population of Ferny Grove in 2011 was 5,609 people. By 2016 the population was 5,700 showing a population growth of 1.6% in the area during that time. The predominant age group in Ferny Grove is 40-49 years. Households in Ferny Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferny Grove work in a professional occupation. In 2011, 77.8% of the homes in Ferny Grove were owner-occupied compared with 76.5% in 2016.

Ferny Grove has 2,343 properties. Over the last 5 years, Houses in Ferny Grove have seen a 65.53% increase in median value, while Units have seen a 43.88% increase. As at 30 September 2024:

  • The median value for Houses in Ferny Grove is $1,064,746 while the median value for Units is $611,179.
  • Houses have a median rent of $685 while Units have a median rent of $470.
There are currently 15 properties listed for sale, and 4 properties listed for rent in Ferny grove on OnTheHouse. According to CoreLogic's data, 75 properties were sold in the past 12 months in Ferny grove.

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Zac Daynes
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Chloe Daynes
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PLUM PROPERTY PTY LTD
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