OFF MARKET

6 Wallara Street
Balmoral QLD 4171

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 144m2
Land area: 951m2
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Last updated 16 Dec 2024
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Property Details for 6 Wallara St, Balmoral

6 Wallara St, Balmoral is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 951m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Year Built
1985
Floor Size
144m2
Land Size
951m2
Local Government
Brisbane
Lot/Plan
37/RP171921

Last Listing description (August 2024)

Situated on a spacious 952sqm elevated block with a nearly 24m frontage, this property presents an enticing opportunity for developers. Nestled on a tranquil cul-de-sac street in the heart of Balmoral, the existing brick home is ripe for demolition, offering a prime location close to schools, transportation, parklands, and the Oxford St precinct. Such properties are becoming increasingly scarce in today's market.

The site, boasting a livable three-bedroom, two-bathroom postwar brick house, awaits transformation into two new upscale residences. You have the option to either clear the site immediately or generate rental income while planning your development strategy.

Key property features include:

- Spacious 952sqm block with nearly 24m frontage
- Development approval for subdivision valid until Feb 2027
- Low residential density zoning
- Rare opportunity for customizable redevelopment
- Convenient location on a quiet cul-de-sac in Balmoral
- Proximity to schools, transport, parks, and Oxford St in Bulimba

The property offers easy access to city bus stops, Oxford St (a 3-minute drive away), the CBD, Brisbane Domestic and International Airport (15-minute drive), as well as being within the catchment areas for Sts Peter and Paul's Primary School and Balmoral State High School. Additionally, it is close to parklands, childcare facilities, kindergartens, and prestigious private schools, making it an ideal location for a standout development in the esteemed Balmoral neighborhood.

*Subject to Brisbane City Council Approval*

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

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Property History for 6 Wallara St, Balmoral, QLD 4171

A timeline of how this property has performed in the market
Last Sold
$1,500,000
21 Sep 2021
Listed for Rent
$690/w
21 Feb 2022
  • 28 Aug 2023
    Listed for Sale Price by Negotiation
  • 07 Feb 2022
    Listed for Rent $690 / week
  • 21 Sep 2021
    Sold for $1,500,000

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About Balmoral 4171

The size of Balmoral is approximately 1.3 square kilometres. It has 6 parks covering nearly 4.6% of total area. The population of Balmoral in 2011 was 3,827 people. By 2016 the population was 3,900 showing a population growth of 1.9% in the area during that time. The predominant age group in Balmoral is 40-49 years. Households in Balmoral are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Balmoral work in a professional occupation. In 2011, 60.3% of the homes in Balmoral were owner-occupied compared with 61.3% in 2016.

Balmoral has NaN properties. Over the last 5 years, Houses in Balmoral have seen a 83.03% increase in median value, while Units have seen a 74.86% increase. As at 30 November 2024:

  • The median value for Houses in Balmoral is $1,896,527 while the median value for Units is $878,283.
  • Houses have a median rent of $800 while Units have a median rent of $650.
There are currently no properties listed for sale, and no properties listed for rent in Balmoral on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Balmoral.

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