SOLD
Sold on 13 Mar 2024 for $965,000

16 Station Avenue
Gaythorne QLD 4051

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 115m2
Land area: 749m2
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Property Details for 16 Station Ave, Gaythorne

16 Station Ave, Gaythorne is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 749m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Gaythorne in the last 12 months.

Building Type
House
Year Built
1940
Floor Size
115m2
Land Size
749m2
Local Government
Brisbane
Lot/Plan
22/RP20248

Last Listing description (October 2023)

CBRE are pleased to present exclusively to market 16 Station Avenue, Gaythorne. A diverse and rare development opportunity, fulfilling the strong demand for NDIS or residential accommodation, featuring a unique opportunity to provide a turnkey solution to create a compelling investment outcome.

Situated on an expansive 749sqm near city development site moments from Gaythorne Train Station, this property is placed at an ideal location with flexible parameters for future development, suited to a range of uses. The property has two existing approvals for a NDIS residential facility offering 8-units or 12 traditional residential (1- & 2-bedroom units).


Currently with shortages of adequate NDIS housing, investment in this sector provides high returns & lease tenure.

Property Features
+ Prime location with immediate access to transport services, Gaythorne Train Station 100m*, providing a 20-minute train ride into Brisbane CBD
+ Expansive 749sqm development site, positioned directly off Pickering Street
+ Strong transport fundamentals for NDIS development with fantastic access and surrounding retail amenity including Brookside Shopping Centre, 1.9kms*
+ Suited to an array of flexible development outcomes currently zoned Low-medium density (2 and 3 storey mix)
+ Existing development approval in place for an immaculate NDIS development or residential units
+ National Disability Insurance Scheme benefits from significant government expenditure, $20 billion spent yearly, including $700million to SDA providers*.

For Sale via offers to purchase, for all enquiries or offers, please contact the listing agent.

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Property History for 16 Station Ave, Gaythorne, QLD 4051

A timeline of how this property has performed in the market
Last Sold
$965,000
13 Mar 2024
Listed for Rent
$350/w
11 Jan 2020
  • 13 Mar 2024
    Sold for $965,000
  • 29 May 2023
    Listed for Sale For Sale $1,135,000
  • 02 Jan 2020
    Listed for Rent $350 / week
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About Gaythorne 4051

The size of Gaythorne is approximately 1 square kilometres. It has 9 parks covering nearly 10.6% of total area. The population of Gaythorne in 2011 was 2,654 people. By 2016 the population was 3,036 showing a population growth of 14.4% in the area during that time. The predominant age group in Gaythorne is 20-29 years. Households in Gaythorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gaythorne work in a professional occupation. In 2011, 41.9% of the homes in Gaythorne were owner-occupied compared with 39.2% in 2016.

Gaythorne has 1,906 properties. Over the last 5 years, Houses in Gaythorne have seen a 80.96% increase in median value, while Units have seen a 82.45% increase. As at 31 October 2024:

  • The median value for Houses in Gaythorne is $1,218,259 while the median value for Units is $680,383.
  • Houses have a median rent of $645 while Units have a median rent of $550.
There are currently 8 properties listed for sale, and 8 properties listed for rent in Gaythorne on OnTheHouse. According to CoreLogic's data, 82 properties were sold in the past 12 months in Gaythorne.

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