40 Wadley StreetMacgregor QLD 4109
Property Details for 40 Wadley St, Macgregor
40 Wadley St, Macgregor is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1978. The property has a land size of 606m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
Last Listing description (November 2020)
Located only 300m from Westfield Garden City, this 6 Bedroom approved investment property sits on 606m2 of land and has endless potential. This outstanding investment opportunity offers space, style and most importantly, a high-income return.
The separate interior boasts freshly painted walls, massive kitchen, spacious living area, 6 bedrooms, 2 bathrooms and a laundry area. Everything is taken care of. This home is move-in ready!
This property would suit home buyers and investors alike.
Subdivision potential -
As the property is located within walking distance to Westfield Garden City, it could be considered for subdivision under the small lot code, subject to council approval. Please check with your town planner.
The Precinct
There are over 60,000 businesses operating in this area. The area is also in close proximity to Sunnybank and Asian precinct. There is easy transport access to city and the coast, close to TAFE, schools, university, QE2 hospital and great local cafes. This creates a strong demand for quality accommodation in this area by professionals, investors, students and homeowners.
The property also lies in the catchment of Macgregor State School. This school is one of the top ranked state schools in Brisbane as properties and rentals in this catchment are highly sought after.
Property Features
- Fully approved 6 Occupant Residential Service
- 6 Bedrooms and 2 Bathrooms, all bedrooms with ceiling fans.
- 3 air-conditioned bedrooms.
- Large communal kitchen with plenty of storage space.
- Parking for 5+ cars
- Potential for $50,000/yr rental return
- Renovation options to increase income
- 606m2 parcel of land.
Location Benefits
MacGregor State School Entry | 50m
Garden City Busway | 200m
Westfield Garden City | 240m
Upper Mt Gravatt State School | 860m
Sunnybank Shopping Centre | 1.5kms
Griffith University Mt Gravatt | 2.5kms
Griffith University Nathan | 2.8kms
BRISBANE CITY | 12kms
Being a QLD Registered Architect with investment and development experience, our team is fully equipped to assist the buyers with free preliminary Architectural, feasibility and planning advice, liaising with council and town planners. Please call if you wish to discuss your options and our team will assist you with your research and point you in the right direction. All approval documents are available upon request.
Contact our team today for more information and to express your interest. This is an opportunity not to be missed.
Disclaimer - All information and suggested investment and development options contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed investment and development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.
Property History for 40 Wadley St, Macgregor, QLD 4109
- 26 Oct 2020Sold for $750,000
- 28 Sep 2020Listed for Sale FOR SALE
- 17 Mar 2008Listed for Sale $465,000
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About Macgregor 4109
The size of Macgregor is approximately 2.7 square kilometres. It has 4 parks covering nearly 15.5% of total area. The population of Macgregor in 2011 was 5,576 people. By 2016 the population was 5,852 showing a population growth of 4.9% in the area during that time. The predominant age group in Macgregor is 20-29 years. Households in Macgregor are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macgregor work in a professional occupation. In 2011, 69% of the homes in Macgregor were owner-occupied compared with 64.6% in 2016.
Macgregor has 2,283 properties. Over the last 5 years, Houses in Macgregor have seen a 77.67% increase in median value, while Units have seen a 34.97% increase. As at 30 November 2024:
- The median value for Houses in Macgregor is $1,305,196 while the median value for Units is $618,816.
- Houses have a median rent of $685 while Units have a median rent of $538.
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