175 Melton RoadNundah QLD 4012
Property Details for 175 Melton Rd, Nundah
175 Melton Rd, Nundah is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1930. The property has a land size of 810m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (September 2023)
Here is a rare opportunity to purchase a DA approved development site in the popular inner-north suburb of Nundah. Set on a 810m2 double lot this classic Queenslander is full of potential. It boasts a quintessential Queenslander layout with 3 bedrooms plus study area. It has an updated kitchen and bathroom and boasts 3m ceilings with VJ walls.
However, the biggest potential of this property is the unique DA approval to retain the home in it's current position and build a brand new 5 bedroom, modern Queenslander style home at the rear.
This property is in a fantastic location just a short stroll to Nundah train-station and Nundah village with it's vibrant cafes and restaurants. It is situated just 10km from Brisbane CBD with convenient access to the airport and motorway making it the ideal investment.
This would be an ideal renovation/development project for a builder or you could simply land bank with solid rental income for future growth. This would also suit someone looking to build new in the area as you could live in the front property while building out the back and once complete you could sell of the front house for a great return!
The options for this property are endless and opportunities like this where you can subdivide and retain a house without raising or shifting are extremely rare so get in quick before this opportunity passes by!
**PLEASE NOTE** This property is being marketed using an online timed sale platform closing on Monday the 31st of July and therefore a price guide can not be provided. If you have any questions regarding the timed sale process please do not hesitate to contact the agent.
Property History for 175 Melton Rd, Nundah, QLD 4012
- 11 Sep 2023Sold for $1,080,000
- 14 Jul 2023Listed for Sale Interest over $1.1m
- 23 Nov 2017Listed for Rent - Price not available
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About Nundah 4012
The size of Nundah is approximately 3.9 square kilometres. It has 16 parks covering nearly 17.5% of total area. The population of Nundah in 2011 was 10,386 people. By 2016 the population was 12,150 showing a population growth of 17.0% in the area during that time. The predominant age group in Nundah is 20-29 years. Households in Nundah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nundah work in a professional occupation. In 2011, 43.8% of the homes in Nundah were owner-occupied compared with 40% in 2016.
Nundah has 8,273 properties. Over the last 5 years, Houses in Nundah have seen a 61.43% increase in median value, while Units have seen a 81.22% increase. As at 31 October 2024:
- The median value for Houses in Nundah is $1,116,678 while the median value for Units is $661,500.
- Houses have a median rent of $600 while Units have a median rent of $560.
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