OFF MARKET

5/38 Rise Street
Mount Gravatt East QLD 4122

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 90m2
Land area: 113m2
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Property Details for 5/38 Rise St, Mount Gravatt East

5/38 Rise St, Mount Gravatt East is a 2 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 2005. The property has a land size of 113m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Townhouse
Year Built
2005
Floor Size
90m2
Land Size
113m2
Local Government
Brisbane
Lot/Plan
5/SP182748

Last Listing description (May 2023)

Be quick to see this exceptional apartment situated in a small boutique complex of only 7, high on the hill with views forever, an abundance of outdoor space, and in the high growth suburb of Mount Gravatt East.

The property comes with many great features including:
- Spacious open plan tiled living area with air conditioning

- Stone kitchen with stainless steel appliances and ample cupboard space
- Covered main balcony with elevated leafy aspect as far as the eye can see
- Rare second balcony for that extra space or entertaining
- Two generous sized bedrooms with built-ins
- Separate study area
- Stylish bathroom and ensuite with large showers
- Security screens throughout
- Secure side by side parking

The low-rise complex is about to be fully repainted, has an active body corporate committee with reasonable fees, great security and visitor parking, and comes with a sparkling inground pool/entertaining area.

The property is conveniently located less than 100m from the main shopping precinct and includes many large retail shops including Bunnings, JB Hifi, Spotlight, Snap Fitness and Goodlife gyms. Its a short drive to both Carindale and Garden City Westfields, and the M3 north and south. Also, its walking distance to bus, parks, and Griffith Uni Mt Gravatt campus.

The apartment is perfect for a first home buyer or a safe investment with proven returns. It has all the extras, spoil yourself, be quick!

Property History for 5/38 Rise St, Mount Gravatt East, QLD 4122

A timeline of how this property has performed in the market
Last Sold
$548,000
14 Apr 2023
Listed for Rent
$400/w
05 Jan 2018
  • 14 Apr 2023
    Sold for $548,000
  • 13 Mar 2023
    Listed for Sale Under Contract
  • 05 Dec 2017
    Listed for Rent - Price not available
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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 5,454 properties. Over the last 5 years, Houses in Mount Gravatt East have seen a 76.15% increase in median value, while Units have seen a 81.68% increase. As at 31 July 2024:

  • The median value for Houses in Mount Gravatt East is $1,105,633 while the median value for Units is $699,801.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 36 properties listed for sale, and 19 properties listed for rent in Mount gravatt east on OnTheHouse. According to CoreLogic's data, 251 properties were sold in the past 12 months in Mount gravatt east.

Suburb Insights for Mount Gravatt East 4122

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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.