SOLD
Sold on 14 Feb 2024 for $485,000

76 Old College Road
Gatton QLD 4343

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Floor area: 132m2
Land area: 799m2
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Property Details for 76 Old College Rd, Gatton

76 Old College Rd, Gatton is a 4 bedroom, 1 bathroom House and was built in 1900. The property has a land size of 799m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 4 bedroom House sold in Gatton in the last 12 months.

Building Type
House
Year Built
1900
Floor Size
132m2
Land Size
799m2
Local Government
Lockyer Valley Regional
Lot/Plan
4/RP69672

Last Listing description (March 2024)

This quintessential Queenslander dwelling has recently been refurbished and is currently tenanted on a periodic lease at $450.00 per week. This 799m2 corner property currently has a DA on it for the construction of a further 2 units (duplex configuration) at the rear of the property. The owners have commenced work on a new a new DA application that would allow 4 residential units to be built on the site in the configuration of 2 duplex blocks.

The current dwelling offers 4 bedrooms, an open plan kitchen, family/dining and living area plus a large sunroom at the entry. Stunning hardwood timber flooring features throughout the central living area of this residence while the bedrooms and sunroom enjoy the comfort of carpet underfoot. The residence also includes a main bathroom with adjacent separate toilet and a laundry. The bathroom and the kitchen have been fully renovated and internally the dwelling has recently been repainted. Two bedrooms and the living area enjoy are air conditioned for year-round comfort. Ample storage below the dwelling is available. The dwelling is currently leased on a periodic basis however, market trends indicate the potential to increase the weekly rental to approximately $550 per week on commencement of a new lease.

The current DA on the site (MC2018/0086) was approved by the Lockyer Valley Regional Council on 17 July 2019. The concept that was approved allowed for the retention of the existing dwelling fronting onto Old College Road and the construction behind of two, two-storey duplex units fronting onto Buaraba Street. Subsequently a pre-lodgement meeting with Lockyer Valley Regional Council indicated a favourable response to a new DA on the site for 4 residential units. This included a redesign of the units facing Buaraba Street, the demolition or relocation of the existing dwelling and the replication of the Buaraba Street units to face the Old College Road frontage of the property.

All relevant documentation (DA, concept plans, renders and notes from Pre-lodgement Meetings and details of consultants) will be provided to the purchaser.

Features include:
- 123m2 dwelling positioned on a level 799m2 corner lot
- 4 bedrooms in total, all feature robes, carpet underfoot and 2 are air conditioned
- Large open plan central living area comprising the kitchen, dining/family and living room featuring beautiful hardwood timber floors
- Renovated galley kitchen featuring stone bench tops, dishwasher, 600mm cooker, microwave space
- Large main bathroom with shower and floating vanity, adjacent separate toilet a
- Laundry featuring linen cupboard
- 3 split air-conditioning systems
- Carpet to all bedrooms and sun room
- Window treatments throughout
- VJ timber walls throughout
- Ample under house storage
- Gas instantaneous hot water
- Fully fenced low maintenance property
- Current DA for property to construct 2 additional dwelling units (duplexes)
- Documents for new development application to construct 4 dwelling units

Conveniently located:

4.9 km to University of Queensland Gatton
2.5 km to Gatton Hospital
2.1 km to Lockyer District High School
1.3 km to Gatton State School
1.5 km to Peace Lutheran Primary School
15.5 km to Bunnigns Plainland
35 ? 40 minutes to Ipswich and Toowoomba

Contact Morgan Oliver, your trusted real estate specialist at JMO Property Group today on (07) 5517 5282 or morgan@jmoproperty.com.au to register your interest.

Disclaimer: JMO Property Group has obtained the information presented herein from a variety of sources we believe to be reliable. The accuracy of this information, however, cannot be guaranteed by JMO Property Group and all parties should make their own enquiries to verify this information.

Disclaimer:
Disclaimer: JMO Property Group has obtained the information presented herein from a variety of sources we believe to be reliable. The accuracy of this information, however, cannot be guaranteed by JMO Property Group and all parties should make their own enquiries to verify this information.

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Property History for 76 Old College Rd, Gatton, QLD 4343

A timeline of how this property has performed in the market
Last Sold
$485,000
14 Feb 2024
Listed for Rent
$360/w
10 May 2021
  • 14 Feb 2024
    Sold for $485,000
  • 05 Feb 2024
    Listed for Sale Not Disclosed
  • 10 May 2021
    Listed for Rent $360 / week
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About Gatton 4343

The size of Gatton is approximately 42.8 square kilometres. It has 15 parks covering nearly 6% of total area. The population of Gatton in 2011 was 6,869 people. By 2016 the population was 7,108 showing a population growth of 3.5% in the area during that time. The predominant age group in Gatton is 20-29 years. Households in Gatton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gatton work in a labourer occupation. In 2011, 53.3% of the homes in Gatton were owner-occupied compared with 53.7% in 2016.

Gatton has 3,692 properties. Over the last 5 years, Houses in Gatton have seen a 96.70% increase in median value, while Units have seen a 32.05% increase. As at 30 September 2024:

  • The median value for Houses in Gatton is $491,795 while the median value for Units is $375,000.
  • Houses have a median rent of $500 while Units have a median rent of $350.
There are currently 32 properties listed for sale, and 12 properties listed for rent in Gatton on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Gatton.

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