SOLD
Sold on 15 Jan 2024 for $600,000

95 Richard Street
Lota QLD 4179

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 405m2
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Property Details for 95 Richard St, Lota

Building Type
Land
Land Size
405m2
Local Government
Brisbane
Lot/Plan
96/RP33227

Last Listing description (February 2024)

Attention all developers and new home owners! Here's an exciting opportunity to acquire a block in the highly sought after suburb of Lota.

The land is elevated, flood-free and has a coveted north-facing back yard! The property is zoned low density residential; providing the opportunity to build, all that's left to do is connect services.

It's the location that truly sets this property apart. Nestled in the leafy suburb of Lota, you'll enjoy peace and tranquility, surrounded by the natural beauty of Moreton Bay and the surrounding parklands and community gardens. Take a stroll to the nearby beaches, marina, cafes or simply relax in your beautiful back yard. The surrounding streets are filled with brand new homes, proving that people are discovering the 'sleeper' suburb of Lota and how much potential this property really has. See below some further features:

- 405m2 allotment
- Superior Location - north facing, walking distance to train station and directly adjacent to the Manly prestige catchment
- Land bank - Brisbane Olympics will bring even greater international and interstate attention and interest
- Walking distance to station, waterfront, parks and local schools

With Brisbane CBD only a short drive away, the location is highly desirable for those seeking a relaxed lifestyle with ready access to the city.

Don't miss your chance to acquire this development opportunity in the heart of Lota.

Contact us today to arrange a viewing and discover the endless potential of this property.

Property History for 95 Richard St, Lota, QLD 4179

A timeline of how this property has performed in the market
Last Sold
$600,000
15 Jan 2024
  • 15 Jan 2024
    Sold for $600,000
  • 28 Aug 2023
    Listed for Sale Not Disclosed

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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 1,327 properties. Over the last 5 years, Houses in Lota have seen a 72.67% increase in median value, while Units have seen a 110.13% increase. As at 30 September 2024:

  • The median value for Houses in Lota is $1,142,428 while the median value for Units is $844,258.
  • Houses have a median rent of $700 while Units have a median rent of $425.
There are currently 12 properties listed for sale, and 1 property listed for rent in Lota on OnTheHouse. According to CoreLogic's data, 71 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.