OFF MARKET

228 Ernest Street
Lota QLD 4179

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 231m2
Land area: 455m2
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Last updated 11 Nov 2024
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Property Details for 228 Ernest St, Lota

228 Ernest St, Lota is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 2023. The property has a land size of 455m2 and floor size of 231m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Year Built
2023
Floor Size
231m2
Land Size
455m2
Local Government
Brisbane
Lot/Plan
588/SL9657

Last Listing description (December 2021)

First time to the market in 30 years! This is a great opportunity to build your new home on a 455 m2 block with 10 metre frontage.
Lota has proven to be a suburb that keeps giving. Median house prices over the past 5 years has seen an increase of 24.2%, with the current median house price being $720,000. New home construction and splitter blocks are in constant demand.
Ernest Street is just a short walk to The Esplanade, Parklands and Manly Village.

The surrounding homes to this property are now 2 and 3 storey with architectural style and flair, paving the way for you to show your vision for the future.
The property is being sold "as is" and buyers should make their own enquiries and due diligence inspection. There will be no internal inspections offerred. The vendors have given clear instructions, sell now! Settlement terms are 60 days.
You will have easy access to rail and bus links to the Brisbane CBD, Port of Brisbane, Gateway Arterial and Airport. With a choice of highly regarded private and public schools in close proximity, you will have everything at your fingertips.
Make no mistake, this is an excellent diamond in the rough. You will need to be quick for this one! Inspections by appointment.

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Property History for 228 Ernest St, Lota, QLD 4179

A timeline of how this property has performed in the market
Last Sold
$682,000
09 Sep 2021
  • 09 Sep 2021
    Sold for $682,000
  • 05 Sep 2021
    Listed for Sale UNDER OFFER
  • 06 Jun 1993
    Sold for $118,000
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About Lota 4179

The size of Lota is approximately 2 square kilometres. It has 12 parks covering nearly 28.1% of total area. The population of Lota in 2011 was 3,254 people. By 2016 the population was 3,248 showing a population decline of 0.2% in the area during that time. The predominant age group in Lota is 40-49 years. Households in Lota are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lota work in a professional occupation. In 2011, 67.9% of the homes in Lota were owner-occupied compared with 71.5% in 2016.

Lota has 1,318 properties. Over the last 5 years, Houses in Lota have seen a 73.31% increase in median value, while Units have seen a 80.12% increase. As at 31 October 2024:

  • The median value for Houses in Lota is $1,139,693 while the median value for Units is $912,269.
  • Houses have a median rent of $700 while Units have a median rent of $425.
There are currently 12 properties listed for sale, and 3 properties listed for rent in Lota on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Lota.

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