47 Wellington StreetPetrie Terrace QLD 4000
Property Details for 47 Wellington St, Petrie Terrace
47 Wellington St, Petrie Terrace is a 6 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 138m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 6 bedroom House sold in Petrie Terrace in the last 12 months.
Last Listing description (June 2024)
Unlock the potential of this prime development opportunity at 47 Wellington Street, Petrie Terrace. Comprising three separate units on a 506m2 split block, this property presents an enticing prospect for investors, developers and builders alike looking to capitalise in a sought-after area.
Strategically positioned just a 5-minute walk from Brisbane Grammar School and Brisbane Girls Grammar School and a mere 1km from the bustling Brisbane CBD, this location offers unrivalled convenience and potential. Nestled in a quiet and elevated position, the property enjoys a perfect northerly aspect, providing an ideal setting for future development. Each unit offers a fluid floorplan with a neat and tidy kitchen, living and dining space, and each are serviced by a central bathroom. With two lots of 253m2 each, totalling 506m2, the possibilities are endless. Whether you're looking to capitalize on the high demand for inner-city living, create luxury townhomes, or develop a bespoke residential complex, this property offers the canvas for your vision to come to life (subject to council approval).
Highlights:
Double street frontage (Wellington Street & Wellington Lane)
Wide 17.8m frontage
Spans 2 lots of 253m2 each
2 x 1-bed units, 1x 4-bed unit
Situated in a tranquil, elevated position
1km from the Brisbane CBD
Perfect northerly aspect
Whether looking to redevelop immediately or land bank with an eye for future gains, this property promises significant potential. Seize the chance to create a landmark development in one of Brisbane's most desirable neighbourhoods. Don't miss this opportunity to shape the future of Petrie Terrace. Call me now on 0411531996 if you wish to secure your private inspection,
Disclaimer:
Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.
Property History for 47 Wellington St, Petrie Terrace, QLD 4000
- 27 May 2024Sold for $2,500,000
- 08 May 2024Listed for Sale Not Disclosed
- 20 Sep 1990Sold for $170,000
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0About Petrie Terrace 4000
The size of Petrie Terrace is approximately 0.3 square kilometres. It has 2 parks covering nearly 6.4% of total area. The population of Petrie Terrace in 2011 was 1,183 people. By 2016 the population was 1,134 showing a population decline of 4.1% in the area during that time. The predominant age group in Petrie Terrace is 20-29 years. Households in Petrie Terrace are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie Terrace work in a professional occupation. In 2011, 39.7% of the homes in Petrie Terrace were owner-occupied compared with 38.9% in 2016.
Petrie Terrace has 636 properties. Over the last 5 years, Houses in Petrie Terrace have seen a 54.64% increase in median value, while Units have seen a 14.62% increase. As at 31 October 2024:
- The median value for Houses in Petrie Terrace is $1,380,414 while the median value for Units is $558,122.
- Houses have a median rent of $700 while Units have a median rent of $435.
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