SOLD
Sold on 15 Feb 2024 for $1,875,000

24A Lorimer Terrace
Kelvin Grove QLD 4059

Bedrooms: 5
Bathrooms: 4
Car spaces: 5
Land area: 1318m2
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Property Details for 24a Lorimer Tce, Kelvin Grove

24a Lorimer Tce, Kelvin Grove is a 5 bedroom, 4 bathroom Unit with 5 parking spaces. The property has a land size of 1318m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 5 bedroom Unit sold in Kelvin Grove in the last 12 months.

Building Type
Unit
Land Size
1318m2
Local Government
Brisbane
Lot/Plan
6/RP10593

Last Listing description (March 2021)

Endless opportunities are presented in this one-of-a-kind property which is located on 1318sqm of LMR2 (2 or 3 storey mix) land in a prime inner-city location with suburban views. The large post-war home has been reconfigured into 4 separate flats totalling 5 bedrooms, 4 bathrooms and 5 car parking.

There are multiple options to the purchaser including demolishing the home for brand new homes/land lots, investment opportunity (returning approx. $68,120) or build you own dream home one of the biggest residential blocks in Kelvin Grove.


Property Features:
LMR Zoning
Currently 1 Lot totalling 1318sqm
No easements, flooding or overland flow
Post war home that can be demolished
Private driveway from Lorimer Tce
Currently configured into 4 separate flats
Flat 1 - 1 Bedroom, 1 Bathroom, 1 Car (Rented $310per week)
Flat 2 - 1 Bedroom, 1 Bathroom, 1 Car (Potential rent $300 per week)
Flat 3 - 1 Bedroom, 1 Bathroom, 1 Car (Potential rent $300 per week)
Flat 4 - 2 Bedroom, 1 Bathroom, 1 Car (Potential rent $400 per week)
Total potential rent $68,120 per year.

Each flat is very neat and tidy and has polished timber floors, a large living and dining room, separate bedroom, eat in kitchen and air conditioning.

Flat 4 has been renovated and offers two bedrooms, modern bathroom, large renovated kitchen with granite benchtops, polished timber floors and glass splash back. There is also a private entertaining area with peaceful views over the backyard.

Location Features:
300m to Kelvin Grove State College
500m to QUT Kelvin Grove Campus
800m to Kelvin Grove Urban Village
700m to Victoria Park Complex
2km to Brisbane (Boys & Girls) Grammar School
• 2km to Brisbane CBD
2km to Royal Brisbane Hospital

Recent house and land sales in Kelvin Grove and surrounding suburbs have shown phenomenal capital growth in recent years however as the Brisbane housing market continues to blossom in recent months, we have experienced the highest demand in the last decade which has been proven in recent sales.

Do not miss this once in a lifetime opportunity to secure one of the largest blocks in the inner city with an endless array of options.

For more information relating to the house, land or development opportunities please contact Ryan Hoelzl on 0438 785 148.

*****
Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Burton & Ryan Property Agents will not be held liable for any errors in typing of information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.

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Property History for 24a Lorimer Tce, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$1,875,000
15 Feb 2024
Listed for Rent
$310/w
26 Oct 2016
  • 15 Feb 2024
    Sold for $1,875,000
  • 23 Feb 2021
    Sold for $1,390,888
  • 18 Feb 2021
    Listed for Sale For Sale by Negotiation
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About Kelvin Grove 4059

The size of Kelvin Grove is approximately 1.7 square kilometres. It has 12 parks covering nearly 7.5% of total area. The population of Kelvin Grove in 2011 was 6,017 people. By 2016 the population was 7,913 showing a population growth of 31.5% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation. In 2011, 37.6% of the homes in Kelvin Grove were owner-occupied compared with 32.1% in 2016.

Kelvin Grove has 4,095 properties.

    There are currently 11 properties listed for sale, and 18 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 206 properties were sold in the past 12 months in Kelvin grove.

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