OFF MARKET

18 Gracemere Street
Newmarket QLD 4051

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 93m2
Land area: 726m2
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Property Details for 18 Gracemere St, Newmarket

18 Gracemere St, Newmarket is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 726m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
House
Year Built
1960
Floor Size
93m2
Land Size
726m2
Local Government
Brisbane
Lot/Plan
91/RP19984

Last Listing description (May 2017)

Sick and tired of looking through homes on small lots with no room for the kids to play or expand... This has to be one of the best opportunities to purchase a fantastic home in an even better position. It has everything you need - quiet position, close to transport, potential for improvements and a large 726m2 block in a fantastic street.
This solid post war home has a number of potential options for buyers to consider..
Option 1 Explore the possibility of removing the house and building a new contemporary house in a great street.

Option 2 Renovate the existing residence by raising and building in under and/or extending the property at the rear and adding a deck etc.
Option 3 Rent the property out With this investment you are assured of good capital growth in this tightly held pocket
The beauty of this property is you can move straight in without having to do a thing but it also has plenty of scope to make improvements and add extra value down the track. Internally the house consists of 3 generous bedrooms, an original but neat and tidy kitchen and bathroom and timber floors throughout. Other improvements to the home over the past couple of years include - repainted internally, bedroom windows replaced, new ceiling fans and down lights throughout, air conditioned and new insulation.
Well maintained, private, close to all amenities, Wilston State School catchment and just a short stroll to the train. Wherever your interest lies in this property you can buy with confidence knowing that in this great location you can't go wrong. Make no mistake, this one needs to be at the top of your list the owners change in circumstance means this property will be sold at Auction if not before.

Property History for 18 Gracemere St, Newmarket, QLD 4051

A timeline of how this property has performed in the market
Last Sold
$770,000
16 Mar 2017
Listed for Rent
$395/w
07 Mar 2013
  • 16 Mar 2017
    Sold for $770,000
  • 21 Feb 2017
    Listed for Sale Auction
  • 21 Sep 2014
    Sold for $650,000
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About Newmarket 4051

The size of Newmarket is approximately 1.7 square kilometres. It has 10 parks covering nearly 9.3% of total area. The population of Newmarket in 2011 was 4,444 people. By 2016 the population was 4,986 showing a population growth of 12.2% in the area during that time. The predominant age group in Newmarket is 20-29 years. Households in Newmarket are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newmarket work in a professional occupation. In 2011, 51.2% of the homes in Newmarket were owner-occupied compared with 46.8% in 2016.

Newmarket has 2,499 properties. Over the last 5 years, Houses in Newmarket have seen a 60.01% increase in median value, while Units have seen a 67.18% increase. As at 30 November 2024:

  • The median value for Houses in Newmarket is $1,555,450 while the median value for Units is $739,190.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 11 properties listed for sale, and 16 properties listed for rent in Newmarket on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Newmarket.

Suburb Insights for Newmarket 4051

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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.