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Sold on 18 Jul 2024 for $695,000

35 Petaine Street
Raceview QLD 4305

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 325m2
Land area: 1322m2
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Property Details for 35 Petaine St, Raceview

35 Petaine St, Raceview is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 1322m2 and floor size of 325m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Raceview in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
325m2
Land Size
1322m2
Local Government
Ipswich
Lot/Plan
31/RP24408

Last Listing description (July 2024)

Welcome to 35 Petaine Street, Raceview – a rare gem offering endless possibilities. Nestled on a sprawling 1332m2 block, this charming home boasts 3 spacious bedrooms and 1 modern bathroom, providing ample space for family living. The highlight of this property is the versatile rumpus room downstairs, perfect for creating separate living for extended family, home office, or entertainment space.

Step outside to discover a generous deck overlooking a vast backyard, ideal for hosting gatherings or enjoying serene moments with nature. The property features vehicle side access, making it easy to store boats, caravans, or additional vehicles. The expansive block not only offers an abundance of outdoor space but also presents an exciting opportunity to subdivide, catering to savvy investors or those looking to develop further.

Adding to its allure is a fully-equipped granny flat, providing additional accommodation for extended family or potential rental income. With its combination of spacious living, development potential, and versatile outdoor areas, this home is a unique offering in the heart of Raceview. Embrace the opportunity to make this exceptional property your own and explore the endless potential it holds.

For the Investor:
Current Rent: $560 Per Week
Lease End Date: 30/09/2024
Rent Appraisal: $560 - $600 Per Week
Rates: $638.05 Per Quarter (Subject to change)
Water Consumption: $204.89 Per Quarter (Subject to change)

Disclaimer:
STRUD Property 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.

Property History for 35 Petaine St, Raceview, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$695,000
18 Jul 2024
Listed for Rent
$560/w
14 Sep 2023
  • 18 Jul 2024
    Sold for $689,000
  • 26 Jun 2024
    Listed for Sale FOR SALE
  • 14 Sep 2023
    Listed for Rent $560 / week
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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 4,449 properties. Over the last 5 years, Houses in Raceview have seen a 94.57% increase in median value, while Units have seen a 83.56% increase. As at 31 August 2024:

  • The median value for Houses in Raceview is $659,172 while the median value for Units is $380,623.
  • Houses have a median rent of $520 while Units have a median rent of $460.
There are currently 28 properties listed for sale, and 11 properties listed for rent in Raceview on OnTheHouse. According to CoreLogic's data, 226 properties were sold in the past 12 months in Raceview.

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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.