FOR SALE
Offers over $720,000 considered

29 Hugh Street
Thorneside QLD 4158

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 506m2
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Great Street on the Bayside.

The old adage is to buy in the best address rather than finding the a great house in the boondocks. This cavity (double brick) brick home is as solid as the "Rock of Gibraltar" and situated in a great street with lots of modern homes adjacent and redevelopment happening in the immediate neighborhood. An excellent 506sqm level block with a north orientation, only a short distance to the bayside.
The home has been a rental for a long time and does need renovating, but you are not going to over capitalize if you spend money renovating in this address. Apart from the bay, local shops are close by, the train station is probably only half a kilometer away, and other amenities like schools, a shopping hub and arterial roads are all convenient.
It has to be the lowest priced home in the local Thorneside area for sale at this point of time, with the land value being the majority portion of the asking price.
Land bank the property, renovate it or potentially re-rent it after some updates.

Property Details for 29 Hugh St, Thorneside

29 Hugh St, Thorneside is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 506m2. The place is currently for sale with Pat Barrett Realty.

Building Type
House
Land Size
506m2

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About Thorneside 4158

The size of Thorneside is approximately 2.6 square kilometres. It has 14 parks covering nearly 15.4% of total area. The population of Thorneside in 2011 was 3,547 people. By 2016 the population was 3,772 showing a population growth of 6.3% in the area during that time. The predominant age group in Thorneside is 50-59 years. Households in Thorneside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thorneside work in a professional occupation. In 2011, 65.8% of the homes in Thorneside were owner-occupied compared with 66% in 2016.

Thorneside has 1,837 properties. Over the last 5 years, Houses in Thorneside have seen a 91.71% increase in median value, while Units have seen a 100.93% increase. As at 31 October 2024:

  • The median value for Houses in Thorneside is $1,046,860 while the median value for Units is $632,801.
  • Houses have a median rent of $650 while Units have a median rent of $500.
There are currently 8 properties listed for sale, and 2 properties listed for rent in Thorneside on OnTheHouse. According to CoreLogic's data, 99 properties were sold in the past 12 months in Thorneside.

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Greg Levick
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Gary Barrett
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Pat Barrett Realty
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