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Sold on 11 Sep 2024 - Price Unavailable

58 Menzies Street
Petrie Terrace QLD 4000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 228m2
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Property Details for 58 Menzies St, Petrie Terrace

Building Type
Land
Land Size
228m2
Local Government
Brisbane
Lot/Plan
21/RP10666

Last Listing description (September 2024)

Have you ever wanted to own a dream home that is just moments away from one of Brisbane's most popular dining and entertainment districts? Imagine never having to cook at home again or spend hours on public transport or in the car, stuck in traffic getting to work or finding that elusive parking spot to watch the mighty Broncos, Reds or Roar play. Do you want to be amongst the action at the 2032 Olympic games with many venues to be built close by?

Well here is an opportunity to build your dream home on one the remaining few parcels of land available right on the edge of Brisbane's CBD. Located mid street in one of Petrie Terrace's most popular areas with dual access via Cathies Lane and Menzies Street, this location will tick all the right boxes for inner city convenience and future capital growth. Currently there are DA approved plans for a low maintenance luxurious 3 level, 4 bedroom, 3 bathroom home that includes a lift and pool as well as off street dual access parking for up to 3 cars to be built on this site. Alternatively you could create your own home of your dreams and/or land bank and watch your investment grow.

Petrie Terrace is fast becoming one of the hottest places in Brisbane to buy, not just because of the historical uniqueness of the area, the 4000 postcode or the incredibly convenient and close proximity to just about everything Brisbane offers, but more so the opportunity right now, to still buy freehold property on the city door step at an affordable price. This vacant land is as rare as hen's teeth and unlikely to last long, so once it's gone, it's gone. Don't miss your chance to cash in on this potential golden opportunity.

Property History for 58 Menzies St, Petrie Terrace, QLD 4000

A timeline of how this property has performed in the market
Last Sold
11 Sep 2024
  • 30 Aug 2024
    Sold for $1,115,000
  • 22 Nov 2023
    Listed for Sale For Sale
  • 05 May 2021
    Sold for $965,000
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About 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.
There are currently 3 properties listed for sale, and 1 property listed for rent in Petrie terrace on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Petrie terrace.

Suburb Insights for Petrie Terrace 4000

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Contact agent
Nicholas Hall
Show contact details
Ray White Paddington (Qld)
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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.