FOR SALE
BY NEGOTIATION

28 Khandalla Street
Upper Mount Gravatt QLD 4122

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 592m2
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HIGH DENSITY ZONED SOLID BRICK HOME :: WALK TO WESTFIELD GARDEN CITY

Team Warren exclusively presents this superb residential, investment/development opportunity in the heart of Upper Mt Gravatt just a walking distance to Westfield Garden City, surrounded by recent modern unit Developments and Residential homes. The owners' circumstances have changed, and their instructions are to sell this potential packed property.
Developers, Investors and home buyers take note - Located within walking distance of Westfield Garden City Shopping Centre, this is an outstanding 592m2 HDR (High Density Residential) level block in an excellent location, in an area that is renowned for its superb capital growth.
This is a rare opportunity, perfect for living or for land banking as it promises significant future returns. zone.
The existing 3-bedroom brick home has been recently updated with a new bathroom, timber-look flooring, and fresh paint. It boasts a spacious backyard and a single garage.
Rental - The property has a rental appraisal of $650 - $670 per week which helps you with the cashflow while you see your investment grow.
:: WHY SHOULD YOU BUY THIS? ::
Along with the above features the property offers several options for home owners, investors, developers as noted below. There is also full property zoning an asset report created for your information. Please request it while making your enquiries. -
Option 1 - DEVELOPMENT -
This 592m2 block is High Density Residential (HDR) zoned. This presents an amazing development opportunity subject to council approval. Discuss your options with your town planner now.
Option 2 - INVESTMENT FOR CAPITAL GROWTH -
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Property Details for 28 Khandalla St, Upper Mount Gravatt

28 Khandalla St, Upper Mount Gravatt is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 592m2. The place is currently for sale with REMAX Results.

Building Type
House
Land Size
592m2

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About Upper Mount Gravatt 4122

The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2011 was 8,852 people. By 2016 the population was 9,227 showing a population growth of 4.2% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation. In 2011, 59.9% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.2% in 2016.

Upper Mount Gravatt has 5,463 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 78.95% increase in median value, while Units have seen a 69.46% increase. As at 31 July 2024:

  • The median value for Houses in Upper Mount Gravatt is $1,082,212 while the median value for Units is $619,520.
  • Houses have a median rent of $610 while Units have a median rent of $620.
There are currently 38 properties listed for sale, and 22 properties listed for rent in Upper mount gravatt on OnTheHouse. According to CoreLogic's data, 237 properties were sold in the past 12 months in Upper mount gravatt.

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Varun Kapoor (Warren)
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