FOR SALE
Auction

123 Herston Road
Kelvin Grove QLD 4059

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Floor area: 247m2
Land area: 880m2
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Auction Time
Thu 5 Dec 6:00 pm
Inspection Times
No upcoming inspections scheduled.
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Character Filled Income Producing Home in the Heart of Kelvin Grove

Discover 123 Herston Road, an expansive character estate set on an elevated 880m² double block with sweeping views over the surrounding suburbs. This property offers flexible living options for multi-generational families, rental income, or the opportunity to restore the home into a single grand residence all in one prime location.
The owners have been clear, this home will be sold at auction on the 05th of December at 6pm with all serious offers being considered prior.
With a potential rental income of approximately $1700 per week this home presents strong investment potential. Alternatively, future owners may choose to restore the property to a single residence, blending historic charm with modern convenience. Another option is to move into the main residence upstairs and rent out the two units to help offset the mortgage. The options are endless!
The property is configured with a 3-bedroom main residence upstairs and two self-contained 1-bedroom flats currently presenting a fantastic investment opportunity.
Unit one;
-Charming front verandah that captures sweeping views over the suburbs, setting the tone for the home's beautiful character.
-Three well sized bedrooms
-Open plan living and dining room with air con
-Modern kitchen with ample storage, stainless steel appliances and dishwasher
-Well presented bathroom with bath/shower combination
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Property Details for 123 Herston Rd, Kelvin Grove

123 Herston Rd, Kelvin Grove is a 5 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 880m2 and floor size of 247m2. The place is currently for sale with Ray White Wilston.

Building Type
House
Floor Size
247m2
Land Size
880m2

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About Kelvin Grove 4059

The size of Kelvin Grove is approximately 1.7 square kilometres. It has 12 parks covering nearly 7.5% of total area. The population of Kelvin Grove in 2011 was 6,017 people. By 2016 the population was 7,913 showing a population growth of 31.5% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation. In 2011, 37.6% of the homes in Kelvin Grove were owner-occupied compared with 32.1% in 2016.

Kelvin Grove has 4,051 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 54.00% increase in median value, while Units have seen a 61.12% increase. As at 31 October 2024:

  • The median value for Houses in Kelvin Grove is $1,301,998 while the median value for Units is $629,720.
  • Houses have a median rent of $675 while Units have a median rent of $630.
There are currently 24 properties listed for sale, and 14 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 192 properties were sold in the past 12 months in Kelvin grove.

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Suburb Insights for Kelvin Grove 4059

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Jessie Hall
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Peter Douglas
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Ray White Wilston
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