SOLD
Sold on 27 Apr 2024 for $867,000

40 Prospect Terrace
Kelvin Grove QLD 4059

Bedrooms: 7
Bathrooms: 2
Car spaces: -
Floor area: 128m2
Land area: 420m2
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Property Details for 40 Prospect Tce, Kelvin Grove

40 Prospect Tce, Kelvin Grove is a 7 bedroom, 2 bathroom House. The property has a land size of 420m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 7 bedroom House sold in Kelvin Grove in the last 12 months.

Building Type
House
Floor Size
128m2
Land Size
420m2
Local Government
Brisbane
Lot/Plan
2/RP20362

Last Listing description (May 2024)

Introducing 40 Prospect Terrace, Kelvin Grove - a rare and unparalleled opportunity in one of Brisbane's most vibrant suburbs. This substantial property stands as a testament to potential, presenting a unique chance to either transform the existing structure or create your dream home from the ground up, subject to council approval.

Embrace the freedom of a blank canvas with this expansive residence. The current layout serves as a solid foundation for an ambitious renovation, with ample room to reimagine spaces. For those with a vision extending beyond renovation, this property offers the tantalising possibility of starting anew.

Envision constructing a contemporary masterpiece tailored to your exact specifications, capitalising on the zoning, land size, and desirable location.

Key Features:
7 bedrooms offering flexible living arrangements
2 bathrooms - one to each level
2 kitchen spaces - one to each level
Plenty of off-street parking
Prime renovation or redevelopment opportunity (STCA)
420m2 block with CR2 zoning

Situated in Kelvin Grove, 40 Prospect Terrace is moments away from esteemed schools, QUT, local shopping precincts, bustling cafes, and verdant parks. With easy access to public transport and only a short drive to Brisbane CBD, this location offers the perfect blend of suburban tranquility and urban convenience. Seize the chance to leave your mark on one of Kelvin Grove's most promising properties. Whether you're looking to undertake a significant renovation project or to build your bespoke residence, 40 Prospect Terrace provides the perfect backdrop for your vision to come to life.

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Property History for 40 Prospect Tce, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$867,000
27 Apr 2024
  • 27 Apr 2024
    Sold for $867,000
  • 02 Apr 2024
    Listed for Sale SOLD AT AUCTION

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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 4,050 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 54.00% increase in median value, while Units have seen a 61.12% increase. As at 31 October 2024:

  • The median value for Houses in Kelvin Grove is $1,301,998 while the median value for Units is $629,720.
  • Houses have a median rent of $675 while Units have a median rent of $630.
There are currently 29 properties listed for sale, and 19 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Kelvin grove.

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