34 East StreetLutwyche QLD 4030
Property Details for 34 East St, Lutwyche
34 East St, Lutwyche is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 683m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (March 2023)
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The opportunity exists for a family or astute investor to take advantage of this grand old Queenslander and enjoy a gorgeous prime North/South aspect. Perfectly positioned within walking distance to Wooloowin and Windsor State Schools, Wooloowin and Albion Train stations, Lutwyche Busway station, local cafes, restaurants and gorgeous Kedron Brook walking and cycling tracks. This is an affordable way to get into the area. Either give it a quick spruce up with internal paint and carpets, or go the whole hog and raise, renovate and extend to create your forever home. Both the bathroom and kitchen are neat and tidy, so the house is ready to live in now or rent out straight away.
Another huge opportunity exists to develop the block with the current HDR1 zoning. Despite the house being pre-1946 construction, it is not mapped as Traditional Building Character, Pre-1911 or Heritage, so it is not protected. Meaning the house can be demolished or removed (STCA). The maximum height in the Neighbourhood Plan is currently 5 storeys. If you were to combine with a neighbouring 683m2 property, it would create a wider frontage and better footprint to build up to 5 storey apartment complex with potential city views and also allowing a basement car park (STCA). So plenty of scope to join forces with the neighbours and reap the rewards of selling to a developer.
Future Land Banking/Development Options:
- Lot 2 on Registered Plan 19105
- 17.5m frontage x 38.5m depth (approximate)
- Hdr1 High Density Residential (Up To 8 Storeys depending on the current neighbourhood plan)
- Maximum height in this current neighbourhood plan is 5 storeys
- Flat block with no easements
- Potential to combine with neighbouring properties to create a larger development parcel, and wider frontage giving scope to allow a basement carpark (STCA)
Snapshot of Features:
- Positioned within the sought after Windsor State School and Kedron State High School Catchments
- The current layout of the home is adaptable with 3 bedrooms, 2 living rooms, 2 sleepouts (that could be used as extra utility bedrooms), and an eat in kitchen which has a prime position to extend out the back with a large north facing deck
- Well maintained Zincalume roof and updated concrete and steel posts underneath
- Original character features include soaring ceilings, VJ walls, original wide pine floor boards under the floor linings, picture rails, traditional fretwork, period light shades and much more
- Residential houses on either side meaning you are not boxed in by unit complexes
- Vehicle access down the side of the house through to the back yard and underneath the house (easy access to put in a pool)
- Majority of underneath the house is concreted
- Downstairs 2nd toilet and original laundry
- Prime location to run a home-based business from
- Walking distance to excellent public transport, Lutwyche Shopping Centre and schools
- Easy access to main arterial roads, including inner city bypass Clem7, Legacy Way, M7 and M3 for commute to the City/Airport and quick access up and down the coast
Opportunities like this are rare.
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*Please note we are experiencing large numbers of buyer enquiries at the moment, and are able to respond to online enquiries with phone numbers and email addresses quicker than enquiries with email addresses only. Thankyou.*
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Licence number: 32346
Property History for 34 East St, Lutwyche, QLD 4030
- 15 Feb 2023Sold for $1,030,000
- 17 Jan 2023Listed for Sale Under Contract
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About Lutwyche 4030
The size of Lutwyche is approximately 0.9 square kilometres. It has 9 parks covering nearly 11.8% of total area. The population of Lutwyche in 2011 was 2,801 people. By 2016 the population was 3,463 showing a population growth of 23.6% in the area during that time. The predominant age group in Lutwyche is 20-29 years. Households in Lutwyche are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lutwyche work in a professional occupation. In 2011, 39.1% of the homes in Lutwyche were owner-occupied compared with 34.2% in 2016.
Lutwyche has 2,968 properties. Over the last 5 years, Houses in Lutwyche have seen a 58.29% increase in median value, while Units have seen a 73.71% increase. As at 31 October 2024:
- The median value for Houses in Lutwyche is $1,424,143 while the median value for Units is $673,053.
- Houses have a median rent of $615 while Units have a median rent of $550.
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