SOLD
Sold on 29 Jul 2024 for $1,550,000

520 Samford Road
Mitchelton QLD 4053

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 1197m2
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Property Details for 520 Samford Rd, Mitchelton

Building Type
Commercial
Land Size
1197m2
Local Government
Brisbane
Lot/Plan
1/RP841752

Last Listing description (January 2024)

Sitting on a large corner parcel in prime Mitchelton position, this massive 1943m2 block is brimming with opportunity and uniquely presenting an incredible rare offering! Currently comprising of two separately titled 1197m2 and 746m2 blocks, there are both residential and commercial dwellings on site with numerous options available to owner occupiers, investors and developers as well as the option to buy one or buy the lot!

Currently positioned on the 746m2 parcel, a single-level residence is a generously sized home and offers opportunity for both owner occupiers as well as investors seeking an easy portfolio boost. Ample living and dining space is on offer with a large lounge, dining and sun-kissed study flowing seamlessly to a huge rumpus room and massive living room; the interior immaculately presented whilst also offering scope for cosmetic upgrades if desired.

Timber joinery wraps around the large kitchen, providing plenty of storage alongside quality appliances and superb bench space. Sliding doors open to a large covered patio, flowing effortlessly into a spacious, flat and fenced yard. There are three built-in bedrooms with the layout allowing easy creation of more if desired. The master includes a walk-in robe and private ensuite whilst two additional bathrooms cater to the remainder of the household. Additional features include a separate laundry, air-conditioning, solar electricity and double garage.

Positioned on the corner 1197m2 corner parcel, there is currently a large commercial premises with extensive solar electricity and off-street parking. Currently tenanted for immediate return, the dwelling is a single-level structure offering large rooms of varying sizes and either roller door or pedestrian access. There is both a kitchenette and bathroom as well as undercover driveway zone.

Remarkably unique in its provision of both residential and commercial offerings, there are brilliant options to purchase each lot individually or combine them for a range of options at your disposal! In addition, there are options for extended development on the combined site size (subject to council approval) and all in a location that is simply unbeatable!

Across the road from sporting faculties and just a short stroll from Gaythorne RSL and train station, you are also mere minutes from Brookside Shopping Centre, Blackwood Street, numerous parkland, dining and shopping options as well as bus and rail commuting you easily to the CBD! Incredibly rare and boasting opportunity like no other, this is the one you've been waiting for!

- Large block offering with option to purchase individual parcel or combined
- Huge 1943m2 currently positioned on two separate titles of 1197m2 and 746m2 respectively
- Both residential and commercial dwellings on offer

Residential Offering:
- 746m2 block
- Large single-level home with immaculate presentation plus option to add value
- Huge layout including lounge, dining, study, rumpus and massive living room
- Large kitchen including superb timber cabinetry, quality appliances and wrap-around bench
- Covered patio flowing into large, fenced yard with easy-care landscaping
- Three built-in bedrooms with flexible layout for those wanting to create additional
- Master including walk-in robe and private ensuite
- Two additional bathrooms in great condition
- Separate laundry/solar electricity/air-conditioning/double garage

Commercial Offering:
- 1197m2 corner block with great street signage
- Huge off-street parking with driveway coverage
- Single-level dwelling with flexible layout comprising of four differing sized rooms plus roller door and pedestrian access
- Bathroom and kitchenette inside with current tenancy for immediate return

Property History for 520 Samford Rd, Mitchelton, QLD 4053

A timeline of how this property has performed in the market
Last Sold
$1,550,000
29 Jul 2024
  • 29 Jul 2024
    Sold for $1,550,000
  • 09 Aug 2023
    Listed for Sale Not Disclosed

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About 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.
There are currently 23 properties listed for sale, and 11 properties listed for rent in Mitchelton on OnTheHouse. According to CoreLogic's data, 195 properties were sold in the past 12 months in Mitchelton.

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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.