FOR SALE
Under Contract

523 Newnham Road
Upper Mount Gravatt QLD 4122

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 546m2
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Zoned: Medium Density Residential - Your Development Dreams are Right Here!

This modest 3-bedroom lowset is move-in or rent-ready just as it is, but savvy buyers will likely land bank this and explore the future development potential of such a high-profile site in a Medium Density Residential (MDR) zone (STCA).
Highlights:
- Substantial 546m2 block with MDR zoning for development up to 5 storeys (STCA)
- Existing brick lowset would make a fabulous first home for a young family or a great investment for a smart investor
- 3 good size bedrooms, large living areas, kitchen & bathroom, laundry and lock up garage
- Zoned for Wishart State School/MacGregor State High (3- & 5-min drive respectively)
- Bus stop up the road to Westfield Mt Gravatt exchange, or drive there in 3 minutes
If you're a first-time buyer looking for a place for yourself, this property is a strong contender given its proximity to quality local state schools, Westfield Mt Gravatt - for shopping, entertainment, restaurants and bus connections to get you further around Brisbane - and onto the Gateway Motorway.
The house is a good size for a small family, or group of friends if you're renting it out, with its bright and airy large lounge, separate meals area, a good-sized kitchen with lots of cabinetry, a nice bathroom, separate laundry and a lock up garage which can be used as a multi-purpose room or as a home office. Outside, there's little to manage that a run of the mower can't handle occasionally, with the house surrounded by fenced lawns.
Buyers running home businesses will also see the benefits of this location for exposure to potential new customers driving by, and the availability of plenty of off-street car parks.
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Property Details for 523 Newnham Rd, Upper Mount Gravatt

523 Newnham Rd, Upper Mount Gravatt is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 546m2. The place is currently for sale with LJ Hooker Property Partners - Sunnybank Hills and Mount Gravatt.

Building Type
House
Land Size
546m2

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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 5,442 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 70.52% increase in median value, while Units have seen a 51.15% increase. As at 31 October 2024:

  • The median value for Houses in Upper Mount Gravatt is $1,068,745 while the median value for Units is $617,876.
  • Houses have a median rent of $628 while Units have a median rent of $630.
There are currently 44 properties listed for sale, and 19 properties listed for rent in Upper mount gravatt on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Upper mount gravatt.

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Shirley Chow
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Jackson Chow
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LJ Hooker Property Partners - Sunnybank Hills and Mount Gravatt
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