16 Troubridge StreetMount Gravatt East QLD 4122
Property Details for 16 Troubridge St, Mount Gravatt East
16 Troubridge St, Mount Gravatt East is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 637m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Mount Gravatt East in the last 12 months.
Last Listing description (December 2024)
Located on a spacious 637m? block with a 15.8m wide frontage, this property offers tremendous potential as either a development site or a strategic land banking opportunity in one of Brisbane's most sought-after suburbs.
Zoned LMR2 (Low-Medium Density Residential), the property is ideal for a range of development possibilities, including townhouse projects, a boutique apartment complex, or even a splitter block (STCA). Whether you?re looking to build now or hold for future growth, the options are endless. The property is currently tenanted with long-term, reliable tenants, offering a steady income stream while you plan your next move. This clean, level site is free from encumbrances or easements, ensuring a straightforward development process. Additionally, there are no flooding or overland flow concerns, offering peace of mind and stability for your investment. The property is currently tenanted at $590 per week until June 2025, with the tenant eager to stay, providing flexibility for investors or developers. Situated on a peaceful, tree-lined street, 16 Troubridge Street benefits from its proximity to high-end renovations and new builds, further enhancing the area's desirability, all whilst being just 10km to the CBD.
Property highlights:
- Zoned LMR2 (Low-Medium Density Residential)
- 15.8m frontage
- 637m? block
- 3 bedrooms, 1 bathroom, 1 carport
- Terracotta tiled roof
- Polished timber floors
- Spacious open-plan living
Location highlights:
- 1 minute to bus stop
- 2 minutes to Mt Gravatt Plaza
- 2 minutes to Mt Gravatt Homemaker Centre
- 7 minutes to Westfield Garden City
- 15 minutes to Brisbane CBD
- Mount Gravatt State School and Mount Gravatt State High School catchments
Whether you?re looking to land-bank in this prime location or embark on a development project, this property provides the perfect foundation for future growth. The combination of a strong rental yield and substantial development potential makes it a rare find in today?s market. Don't wait until it's too late - contact Susan today for further information.
Disclaimer: This property is listed for sale without a specified price. While the website may categorise the property into a price range for functionality purposes, please refrain from making assumptions regarding the sale price based on these filters. Every effort has been made to ensure the accuracy of the information provided, but prospective buyers should undertake their own inquiries to verify the details of the property.
Property History for 16 Troubridge St, Mount Gravatt East, QLD 4122
- 19 Nov 2024Listed for Sale Offers Over 1.25M
- 08 May 2024Listed for Rent $590 / week
- 13 Mar 2024Sold for $1,160,000
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About Mount Gravatt East 4122
The size of Mount Gravatt East is approximately 4.6 square kilometres. It has 14 parks covering nearly 5.9% of total area. The population of Mount Gravatt East in 2011 was 10,891 people. By 2016 the population was 11,845 showing a population growth of 8.8% in the area during that time. The predominant age group in Mount Gravatt East is 30-39 years. Households in Mount Gravatt East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Gravatt East work in a professional occupation. In 2011, 61.3% of the homes in Mount Gravatt East were owner-occupied compared with 60.3% in 2016.
Mount Gravatt East has 5,456 properties. Over the last 5 years, Houses in Mount Gravatt East have seen a 74.40% increase in median value, while Units have seen a 68.19% increase. As at 30 November 2024:
- The median value for Houses in Mount Gravatt East is $1,135,912 while the median value for Units is $703,844.
- Houses have a median rent of $650 while Units have a median rent of $595.
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