SOLD
Sold on 05 Jul 2024 for $1,500,000

40-42 Lee Street
Caboolture QLD 4510

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 120m2
Land area: 2024m2
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Property Details for 40-42 Lee St, Caboolture

40-42 Lee St, Caboolture is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 2024m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Caboolture in the last 12 months.

Building Type
House
Floor Size
120m2
Land Size
2024m2
Local Government
Moreton Bay
Lot/Plan
40/RP14002

Last Listing description (October 2024)

Attention Developers and Investors!

Don't miss out on this exceptional opportunity to secure a flat and flood-free block spanning an impressive 2,024m in the thriving suburb of Caboolture. Boasting a currently existing 3-bedroom brick home, this property is primed for re-development, offering endless possibilities for lucrative ventures.

The strategic location of this property presents a golden opportunity for residential development, with the potential to construct approximately 20-30 units or more, catering to the increasing demand for housing in the area. Caboolture is experiencing substantial growth, with a surge in population expected, as forecasted by the Moreton Bay Council. With over 70,000 new residents anticipated (as mentioned by the Council), the demand for housing, job opportunities, infrastructure, educational facilities, and more, is set to soar.

Situated in close proximity to essential amenities such as schools, shopping centers, healthcare facilities, and public transport, this property offers convenience and accessibility, making it an attractive option for future residents.

DEVELOPMENT POTENTIAL:

The extensive land size, sitting on two lots, offers a variety of development possibilities, ideal for constructing additional housing lots such as units, townhouses or aged care facility, childcare centre, all subject to council approval (STCA).
The property is perfectly positioned amidst a supportive environment featuring aged care facilities, educational institutions, and nearby unit & townhouse developments, highlighting the area's growth and desirability.

LOCATION:

Caboolture State High School (within walking distance)
St Columbans College (within 1km)
Caboolture East State School (within 1km)
TAFE (within 1km)

Caboolture Hospital (within 1km)
Arcare Aged Care Caboolture (within 1km)

Central Lakes Shopping Centre with Woolworths, bakery, local dentist, cafe shops (within 1km)
Morayfield Shopping Centre (within 7 minutes)
North Lakes Westfield, IKEA, Costco (within 17 minutes)

Caboolture Train Station (within 2 minutes)
Bus station (within walking distance)

Wallace Street Park (within 1km)
Summerfield Street Park (within 3 minutes)

Bruce Highway (within 2km)
Brisbane Airport (within 40 minutes)
Brisbane CBD (within 50 minutes)
Sunshine Coast (within 40 minutes)
Bribie Island (within 25 minutes)

For any questions, please contact Marino Fatovic on 0403 405 851

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Property History for 40-42 Lee St, Caboolture, QLD 4510

A timeline of how this property has performed in the market
Last Sold
$1,500,000
05 Jul 2024
  • 05 Jul 2024
    Sold for $1,500,000
  • 29 Apr 2024
    Listed for Sale Contact Agent

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About Caboolture 4510

The size of Caboolture is approximately 68.7 square kilometres. It has 69 parks covering nearly 17.8% of total area. The population of Caboolture in 2011 was 21,929 people. By 2016 the population was 26,417 showing a population growth of 20.5% in the area during that time. The predominant age group in Caboolture is 20-29 years. Households in Caboolture are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Caboolture work in a labourer occupation. In 2011, 49.7% of the homes in Caboolture were owner-occupied compared with 48.6% in 2016.

Caboolture has 15,621 properties. Over the last 5 years, Houses in Caboolture have seen a 108.40% increase in median value, while Units have seen a 80.03% increase. As at 31 January 2025:

  • The median value for Houses in Caboolture is $742,338 while the median value for Units is $432,072.
  • Houses have a median rent of $550 while Units have a median rent of $430.
There are currently 193 properties listed for sale, and 130 properties listed for rent in Caboolture on OnTheHouse. According to CoreLogic's data, 813 properties were sold in the past 12 months in Caboolture.

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