1A Northmore StreetMitchelton QLD 4053
Property Details for 1a Northmore St, Mitchelton
Last Listing description (November 2020)
On behalf of the vendors, Knight Frank and Russell Allison are pleased to offer For Sale a unique opportunity to secure a quality mixed use project on a large infill parcel of land within 10 km* of the Brisbane CBD.
This DA approved development site boasts the following key characteristics:
- 1.3 ha* site next to the Brookside Shopping Centre
- DA Approved for a 9 storey residential apartment building, a 10 storey retirement building (50 ALU and 50 ILUs), 358 sqm* commercial space and a 72 place Childcare Centre
- Brisbane City Council incentives currently apply to retirement and aged care projects
- Strong unmet latent demand for seniors living product in Mitchelton
- Future development will overlook Kedron Brook and parkland
- Mitchelton Train Station within walking distance.
The property is For Sale by negotiation.
Please contact the exclusive agents for further information.
Property History for 1a Northmore St, Mitchelton, QLD 4053
- 13 Sep 2024Sold for $9,900,000
- 05 Feb 2020Listed for Sale Contact Agent
- 18 Apr 2018Sold for $550,000
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0About Mitchelton 4053
The size of Mitchelton is approximately 4.2 square kilometres. It has 17 parks covering nearly 7.3% of total area. The population of Mitchelton in 2011 was 8,011 people. By 2016 the population was 8,546 showing a population growth of 6.7% in the area during that time. The predominant age group in Mitchelton is 30-39 years. Households in Mitchelton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitchelton work in a professional occupation. In 2011, 64.4% of the homes in Mitchelton were owner-occupied compared with 60.7% in 2016.
Mitchelton has 3,955 properties. Over the last 5 years, Houses in Mitchelton have seen a 82.14% increase in median value, while Units have seen a 69.87% increase. As at 31 October 2024:
- The median value for Houses in Mitchelton is $1,204,621 while the median value for Units is $687,464.
- Houses have a median rent of $643 while Units have a median rent of $520.
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