FOR SALE
Auction - If not sold prior

53 Gloucester Street
Highgate Hill QLD 4101

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 407m2
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Auction Time
Thu 17 Oct 6:30 pm
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No upcoming inspections scheduled.
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Prime Opportunity For Development

Renovate & Profit. Situated in the unrivaled position of Highgate Hill and coming to market for the first time in 36 years, this prime opportunity is convenient to great local amenities and infrastructure. The existing dwelling is in original condition and requires a significant investment to reach its full potential. Explore opportunities to capitalise on the huge potential of this 404m2 urban allotment.
The existing dwelling is in original condition and is currently leased for $445.00 per week.
Featuring separate lounge and dining rooms, the kitchen includes a freestanding gas upright stove. One bedroom is serviced by a functional bathroom featuring a shower over bath and inclusive toilet.
Additional features include:
• Downstairs laundry with additional open storage
• Detached garden shed
• Gas hot water
With demonstrated income potential and huge scope for further return on investment with a cash injection to enhance the dwellings livability. This property will attract the attention of developers and astute investors.
Located just 2 kilometres from the CBD, within walking distance to Southbank Hospital precinct, Mater Hospital, Queensland Children's Hospital and Princess Alexandra Hospital. The South Brisbane Train Station is a convenient transport option. The Little Green Room Cafe and the Red Brick Hotel are popular with the locals. Other local highlights include the Greek Club, Kangaroo Point Cliffs & Botanic Gardens.
Within the school catchment for Dutton Park State School, Brisbane State High School and walking distance to TAFE Campus & QLD College of Art. Popular choices for private schools include Somerville House & St Laurence's College.
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Property Details for 53 Gloucester St, Highgate Hill

53 Gloucester St, Highgate Hill is a 1 bedroom, 1 bathroom House. The property has a land size of 407m2. The place is currently for sale with Ray White Paddington (Qld).

Building Type
House
Land Size
407m2

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About Highgate Hill 4101

The size of Highgate Hill is approximately 1.3 square kilometres. It has 5 parks covering nearly 1.8% of total area. The population of Highgate Hill in 2011 was 5,823 people. By 2016 the population was 6,225 showing a population growth of 6.9% in the area during that time. The predominant age group in Highgate Hill is 20-29 years. Households in Highgate Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highgate Hill work in a professional occupation. In 2011, 41.3% of the homes in Highgate Hill were owner-occupied compared with 43% in 2016.

Highgate Hill has 3,164 properties. Over the last 5 years, Houses in Highgate Hill have seen a 110.93% increase in median value, while Units have seen a 84.14% increase. As at 31 August 2024:

  • The median value for Houses in Highgate Hill is $2,042,442 while the median value for Units is $962,016.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 26 properties listed for sale, and 21 properties listed for rent in Highgate hill on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Highgate hill.

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Max Hadgelias
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Ray White Paddington (Qld)
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