OFF MARKET

26 Orallo Street
Lota QLD 4179

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 207m2
Land area: 405m2
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Last updated 11 Nov 2024
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Property Details for 26 Orallo St, Lota

26 Orallo St, Lota is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 2022. The property has a land size of 405m2 and floor size of 207m2. While the property is not currently for sale or for rent, it was last sold in October 2013.

Building Type
House
Year Built
2022
Floor Size
207m2
Land Size
405m2
Local Government
Brisbane
Lot/Plan
10/RP33228

Last Listing description (July 2021)

Welcome to the laid back Lota lifestyle. You simply would not believe that you are only half an hour away from Australia's third biggest city, and just around the corner from one of the biggest marinas in the southern hemisphere, living in the quiet leafy pocket of this small bay side community. This basic but neat home is positioned in a superb "east of rail" location is proudly presented to the market by your local experienced agent.

Fresh bay side breezes, parkland picnics, strolls along the quiet Lota Esplanade - this home is all about lifestyle... Time for a real sea change - the more time you spend here... the more you will come to enjoy the feel, lifestyle and spirit of the beautiful and peaceful bay side community of Lota.

Sturdy two bedroom designed lowset home, can either be extended and improved, or demolish and re-build on this site. Which-ever way you choose to go; your investment is assured given the very high value neighbouring properties already developed within this street.

The property is being sold as land market value, but the lifestyle is simply priceless!

For the investor:
Excellent buying with a potential rental income to hold whilst your capital gain moves swiftly along, within this quickly developing Lota pocket.

For the Home Buyer:
Sound two bedroom lowset dwelling, would suit a couple or small family, and can be easily taken to the "next level" from an extension and/or renovation point of view, and well worth the investment to improve the home in this location.

For the Developer:
Remove and rebuild in this prime "walk to waterfront" location.

Without doubt, one of the cheapest properties available, this close to Moreton Bay, and all services within a few minute's walk:

Lota parklands
Lota railway station
Lota Environmental Park
Lota Creek and Lota Esplanade

The owners have indicated that they are serious about selling, and have priced this property accordingly - it represents excellent value for walk to water location - take a drive up and down the local streets, and see the development already happening and you can rest assured that your capital investment will be secure. But don't wait too long - as you may miss this rare opportunity.

Lota parklands are well known across Brisbane as being one of the most popular picnic spots on the bayside. So you have a wonderful opportunity to share this beautiful green space with friends and relatives on the weekend, plus during the week... it's all yours on your own. Watch the sail boats drift by, enjoy a paddle up the Tingalpa creek, and catch a crab for dinner ... it's all here for you and your family to enjoy.

* Sustainability declaration available from Re/Max Advantage upon request.

Property History for 26 Orallo St, Lota, QLD 4179

A timeline of how this property has performed in the market
Last Sold
$417,000
22 Oct 2013
Listed for Rent
$370/w
20 Mar 2014
  • 08 Sep 2020
    Listed for Sale SOLD - $398,000
  • 08 Jan 2014
    Listed for Rent $370 / week
  • 22 Oct 2013
    Sold for $417,000
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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 1,317 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 11 properties listed for sale, and 2 properties listed for rent in Lota on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Lota.

Suburb Insights for Lota 4179

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.