751 Esplanade Lota QLD 4179
Property Details for 751 Esplanade, Lota
751 Esplanade, Lota is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 405m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Last Listing description (July 2021)
:: Open Saturday 21 Nov from 10.00 am - 10.30 am
How rare is this! Double block site, with a sound and spacious lowset dwelling perfect to live in now, hold, and watch your investment grow and develop later.
And it's all about position... Esplanade, Esplanade, Esplanade.
Situated in the quiet and fast moving Lota end of the waterfront, adjacent to some of the most picturesque parklands on the eastern seaboard, this double block is screaming capital growth potential, and red hot value to the astute purchaser.
The 810 sqm site is located at 751 The Esplanade, also known as Lot 63 & 64 on RP33228, (2 x 405 sqm blocks), across the road from the waterfront, and adjacent to the Lota parklands. Ideally suited in the near future to the redevelopment to create two new "high end" homes, currently there is a sound four bedroom dwelling on-site, which may be refurbished cosmetically to allow for a comfortable home to live within for the time being, whilst you develop your own future plans for the site as a whole.
Choices...choices...
Hold "as is" and rent out, allowing for capital growth of the land content alone, and provide a modest income stream over time.
Renovate and live in taking advantage of the larger, and very rare land parcel
Demolish and redevelop on one side, keeping a spare block of land as an investment
Immediately redevelop both sites, to create a combined and planned development project to take full advantage of the eastern views of the glistening waters of Moreton Bay.
Lifestyle options abound. Enjoy fish and chips in the parklands by the waterfront, sunrise over Moreton Bay, discover the stunning fish and bird life within the surrounding mangrove ecosystems, paddle your canoe out into the bay, or upstream along the Lota/Tingalpa Creek, set a crab pot and catch a plate sized mud crab for dinner, walk along the beautiful Esplanade and boardwalks, relax and breathe in the beautiful and invigorating bay side breezes, enjoy a morning stint of Yoga in the nearby park, catch the city train from Lota station within forty minutes and enjoy the buzz of the Brisbane city lifestyle, walk to your yacht or boat moored in the Royal Queensland Yacht Squadron and take a day trip to the surrounding bay islands, or just stay home with friends - you'll feel like you're on holiday anyway!
Whatever you do - whether buying for land market value, or buying to redevelop, make time to inspect this property. It is almost irreplaceable in today's property marketplace.
Inspections of 751 The Esplanade, Lota, can be easily arranged with your local experienced agents:
Reno Muscat
Phone 3893 6709
Mobile 0413 754 638
reno.muscat@remaxwm.com.au
www.wynnumproperty.com.au
Cameron Bastow
Phone 3893 6705
Mobile 0413 093 242
cameron.bastow@remaxwm.com.au
www.wynnumproperty.com.au
Property History for 751 Esplanade, Lota, QLD 4179
- 23 Sep 2020Sold for $1,250,000
- 17 Aug 2020Listed for Sale UNDER CONTRACT
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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.
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