FOR SALE
Offers Over $1,100,000

1 Inge Street
Mount Gravatt QLD 4122

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 607m2
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Renovate Or Rebuild - Your Dream Home Awaits!

Presenting a unique opportunity at 1 Inge Street, Mount Gravatt-this 1965-built property is perfect for renovators or those seeking to build their dream home on a spacious 607 sqm corner block with dual street frontage. The existing home has been divided into two separate flats, each offering comfortable living while awaiting a modern transformation.
Flat 1 features two bedrooms, one bathroom with a shower, bath, and toilet, a combined living and dining area with air conditioning, a functional kitchen, external storage, and a downstairs laundry area.
Flat 2 also includes two bedrooms, one bathroom with a shower, bath, and toilet, a combined living and dining space, a kitchen, external storage, and a downstairs laundry area.
Discover an exceptional investment opportunity, offering impressive rental yield potential offering both flats that can be leased individually for between $400-$500 per week each. Situated in a high-demand area, this residence combines convenience and lifestyle appeal, ensuring a steady flow of prospective tenants, primed for rental success and low vacancy rates. Ideal for investors looking to secure strong returns, this property is a solid addition to any portfolio, positioned for growth and high occupancy.
The property's prime location is just moments from cafes, restaurants, and local schools, with Griffith University, Mount Gravatt TAFE, Westfield Garden City, and Mount Gravatt Homemaker Centre nearby. Outdoor enthusiasts will appreciate the proximity to Toohey Forest Park's walking and cycling trails. With easy access to the Pacific Motorway, Brisbane CBD and the Gold Coast are within reach, and public transport options are plentiful, with the South East Busway and Southeast Freeway Bikeway close by.
This is an incredible opportunity for someone ready to unlock the full potential of this property through renovation or redevelopment.
LOCATION:
-Approx. 7kms to Brisbane CBD
-Approx. 13kms to Brisbane Airport
-Approx. 2km to Griffith University
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Property Details for 1 Inge St, Mount Gravatt

1 Inge St, Mount Gravatt is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 607m2. The place is currently for sale with Coronis Inner South.

Building Type
House
Land Size
607m2

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About Mount Gravatt 4122

The size of Mount Gravatt is approximately 3 square kilometres. It has 7 parks covering nearly 39.5% of total area. The population of Mount Gravatt in 2011 was 3,237 people. By 2016 the population was 3,379 showing a population growth of 4.4% in the area during that time. The predominant age group in Mount Gravatt is 30-39 years. Households in Mount Gravatt are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Gravatt work in a professional occupation. In 2011, 57.8% of the homes in Mount Gravatt were owner-occupied compared with 55.5% in 2016.

Mount Gravatt has 1,998 properties. Over the last 5 years, Houses in Mount Gravatt have seen a 68.31% increase in median value, while Units have seen a 68.85% increase. As at 31 October 2024:

  • The median value for Houses in Mount Gravatt is $1,103,368 while the median value for Units is $653,541.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 17 properties listed for sale, and 3 properties listed for rent in Mount gravatt on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Mount gravatt.

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Tony King
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Coronis Inner South
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