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Sold on 18 Oct 2024 - Price Unavailable

54 Gordon Parade
Mount Gravatt East QLD 4122

Bedrooms: 7
Bathrooms: 3
Car spaces: 3
Land area: 1100m2
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Property Details for 54 Gordon Pde, Mount Gravatt East

54 Gordon Pde, Mount Gravatt East is a 7 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 1100m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 7 bedroom BlockOfUnits sold in Mount Gravatt East in the last 12 months.

Building Type
BlockOfUnits
Land Size
1100m2

Last Listing description (October 2024)

On an elevated allotment, sprawling 1100m2, this proven investment is located in a growth corridor with strong buyer demand, convenient to amenities and infrastructure. The existing dwellings have demonstrated income potential (currently over $1,200 per week) to return on three separate tenancies with room to improve. If neighbouring allotments are to be observed, consideration may be given to exploring development opportunities (subject to relevant council approvals). *
Each individual unit presents a generous floor plan separate lounge room and an original eat-in kitchen. Bedrooms are serviced by a functional bathroom featuring shower over bath. Detached laundries are located behind the dwellings.

1 x 3 bed | 1 bath

2 x 2 bed | 1 bath

With scope for further return on investment through capital growth and future development opportunities, this property will attract the attention of developers and astute investors.

Located just 8 kilometres from the CBD, conveniently situated within walking distance to the busway on Logan Road. Little Black Pug and Tokyo Teppanyaki Steak House are popular with the locals. Other local highlights include Mount Gravatt Outlook Reserve and Glindemann Park Playground.

Within the quality school catchments for Mount Gravatt State School & Mount Gravatt State High School. Within proximity to Griffith University (Nathan Campus). Popular choices for private schools include St Agnes Primary School, Clairvaux MacKillop College, and Citipointe Christian College.

Inspect by appointment or contact Max Hadgelias 0411 276 372 for further information or about submitting your interest.

**Any reference to development is general in nature and is subject to relevant council approvals. It is the responsibility of prospective buyers to make their own enquiries and seek professional advice prior to engaging in any negotiations. **

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Property History for 54 Gordon Pde, Mount Gravatt East, QLD 4122

A timeline of how this property has performed in the market
Last Sold
18 Oct 2024
Listed for Rent
$295/w
31 Jan 2014
  • 18 Oct 2024
    Sold
  • 26 Sep 2024
    Listed for Sale Auction - If not sold prior
  • 08 Sep 2020
    Listed for Rent $275 / week
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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.
There are currently 20 properties listed for sale, and 9 properties listed for rent in Mount gravatt east on OnTheHouse. According to CoreLogic's data, 228 properties were sold in the past 12 months in Mount gravatt east.

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Max Hadgelias
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Ray White Paddington (Qld)
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