OFF MARKET

2 Mahogany Street
Raceview QLD 4305

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 117m2
Land area: 607m2
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Last updated 4 Nov 2024
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Property Details for 2 Mahogany St, Raceview

2 Mahogany St, Raceview is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 607m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
House
Floor Size
117m2
Land Size
607m2
Local Government
Ipswich
Lot/Plan
51/RP116258

Last Listing description (February 2022)

The potential in this Raceview home makes it the ultimate fixer-upper for those prepared to undertake the necessary structural and cosmetic work. Finding value here is assured!

With the obvious structural issues on the lower level of this home the opportunity on offer here is to raise the property to legal height and build in underneath the property which would double the size of the current footprint.

The upper level consists of:

Three bedrooms with built in robes
original bathroom with shower-over-bath configuration
Timber kitchen cabinetry with electric stove and oven
Air-conditioned living area opening onto the front sunroom
The lower level consists of:

Rumpus room/Storage area
Bathroom which needs a full renovation
Allocated laundry space
Parking accommodation for two vehicles
Situated on a 607m2 fully fenced level block of land in popular Raceview this property offers the convenience of being close to all amenities including:

Silkstone Village Shopping Centre 5 minute drive
Riverlink Shopping Centre 10 minute drive
East Ipswich/Booval Railway Station 7 minute drive
Raceview State School 3 minute drive
Bus stops close by to all local high schools
The selling price reflects the cost of the substantial work that needs to be carried out on this property. If you have the knowledge, knowhow or simply the desire to transform this property you have an opportunity here to reap the rewards $$$ of your labour.

DISCLAIMER: Crowne Real Estate has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

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Property History for 2 Mahogany St, Raceview, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$300,000
24 Jan 2022
Listed for Rent
$265/w
28 Jul 2012
  • 24 Jan 2022
    Sold for $300,000
  • 18 Jan 2022
    Listed for Sale Offers over $299,000
  • 30 Jun 2012
    Listed for Rent - Price not available
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About Raceview 4305

The size of Raceview is approximately 5.9 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Raceview in 2011 was 8,686 people. By 2016 the population was 9,716 showing a population growth of 11.9% in the area during that time. The predominant age group in Raceview is 0-9 years. Households in Raceview are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raceview work in a trades occupation. In 2011, 51.4% of the homes in Raceview were owner-occupied compared with 53% in 2016.

Raceview has 4,454 properties. Over the last 5 years, Houses in Raceview have seen a 99.05% increase in median value, while Units have seen a 102.38% increase. As at 31 October 2024:

  • The median value for Houses in Raceview is $669,499 while the median value for Units is $421,961.
  • Houses have a median rent of $530 while Units have a median rent of $425.
There are currently 32 properties listed for sale, and 14 properties listed for rent in Raceview on OnTheHouse. According to CoreLogic's data, 208 properties were sold in the past 12 months in Raceview.

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