SOLD
Sold on 31 May 2024 for $1,900,000

499 Waterford Road
Ellen Grove QLD 4078

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 129m2
Land area: 10775m2
Sold By
Ray White Broadbeach Waters - Mermaid Waters
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Property Details for 499 Waterford Rd, Ellen Grove

Building Type
Land
Year Built
1960
Floor Size
129m2
Land Size
10775m2
Local Government
Brisbane
Lot/Plan
48/RP90233

Last Listing description (April 2023)

Vacant and ready to move in or start your development.

Presented to you is the rare opportunity to secure this amazing 10775m2 land featuring an easy-care property with four bedrooms and two bathrooms with solar panels. Come home to all of this space or start a new development on this oversized block perfectly situated in the Southwest Brisbane priority growth precinct of Ellen Grove.

Whether you are someone searching for private one-hectare land to occupy or a keen investor looking to establish a potential-packed property that can bring in lots of income, this is where you can bring those great ideas to life.

This massive 59m x 178.8m allotment will provide the savvy investor or developer with the advantage to subdivide and build a multi-family residential building that can attract many potential tenants or develop a commercial establishment in an emerging and exciting community within the Brisbane City Council area.

Plenty of established trees embrace this block, pleasing those who are looking for a bit of greenery and privacy. Move into the four-bedroom home already in place with an eight solar panel system and heaps of parking space or tear it down to make way for a brand new home modelled after the house of your dreams. With this much land space, you can even keep the existing dwelling a separate abode (STCA).

A host of essential amenities are within arm's reach of this amazing land. Enjoy a peaceful walk to the beautiful lake with walking tracks and a playground. The Forest Lake State School and Forest Lake Child Care Centre are only a short stroll away, while a short drive takes you to a host of local shopping options including Goodna Marketplace and Forest Lake Shopping Centre.

The lively Brisbane central business district is only approximately 26 minutes away and is easily accessible via Forest Lake Boulevard, as well as M5 and M7 motorways. Whether you are keen to move in or start your development (STCA), do not miss out on this incredible opportunity!

Location:

4 mins drive to West Grand Plaza
5 mins drive to Forest Lake Shopping Centre
6 mins drive to Richlands Plaza
6 mins drive to Inala Plaza
7 mins drive to HomeCo Richlands Shopping Mall
10 mins drive to Redbank Plaza
10 mins drive to Orion Springfield Central
1 min drive to Forest Lake State School
3 mins drive to Grand Avenue State School
3 mins drive to St John's Anglican College - Junior Campus
4 mins drive to St John's Anglican College
5 mins drive to Serviceton South State School Inala
7 mins drive to St Mark's School
8 mins drive to Camira State School
26 mins drive to Brisbane City
30 mins drive to Brisbane Airport

Disclaimer: In preparing the information of this listing, we used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective buyers should make their own enquiries to verify the information contained here.

Property History for 499 Waterford Rd, Ellen Grove, QLD 4078

A timeline of how this property has performed in the market
Last Sold
$1,900,000
31 May 2024
  • 31 May 2024
    Sold for $1,900,000
  • 08 Aug 2022
    Listed for Sale $2Million
  • 14 Oct 2003
    Sold for $485,000
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About Ellen Grove 4078

The size of Ellen Grove is approximately 3.4 square kilometres. It has 8 parks covering nearly 2.6% of total area. The population of Ellen Grove in 2011 was 2,527 people. By 2016 the population was 2,908 showing a population growth of 15.1% in the area during that time. The predominant age group in Ellen Grove is 0-9 years. Households in Ellen Grove are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ellen Grove work in a machinery operators and drivers occupation. In 2011, 37.6% of the homes in Ellen Grove were owner-occupied compared with 31.5% in 2016.

Ellen Grove has 1,569 properties. Over the last 5 years, Houses in Ellen Grove have seen a 117.97% increase in median value, while Units have seen a 83.54% increase. As at 30 November 2024:

  • The median value for Houses in Ellen Grove is $654,463 while the median value for Units is $552,626.
  • Houses have a median rent of $545 while Units have a median rent of $475.
There are currently 15 properties listed for sale, and 2 properties listed for rent in Ellen grove on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Ellen grove.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.