Showcasing exceptional elevation overlooking the suburb towards the CBD, this vacant city fringe allotment is ripe for development. Positioned in a tightly held enclave, conveniently located within walking distance to Red Hill and Latrobe Terrace, this urban locale will attract family buyers seeking a neighbourhood with convenient amenities in a desirable school catchment.
This low maintenance, 330m2 allotment features 9.52 metre frontage and is ideal for an architect designed, freehold townhome alternative that will showcase its orientation and capture the beautiful views.
Vacant land this close to the CBD is hard to come by and such a rare opportunity is sure to attract buyers seeking a residential allotment in a suburb that demonstrates a proven track record for growth and return on investment.
Features:
- 330m2 of level land
- Services connected and ready to build
- Elevated allotment in convenient location
Located just 3 kilometres from the CBD, the busway located on Musgrave Road is convenient for commuters. Botanica and Le Coin Bistro are popular eateries with the locals. Other highlights include the iconic Red Hill Cinema and Couverture & Co. Just a short walk to Latrobe Terrace and Suncorp Stadium.
Within the school catchments for Petrie Terrace State School & Kelvin Grove State College. Popular choices for private schools include Brisbane Grammar, Girl's Grammar and St Joseph's College (Terrace).
Inspect by appointment or contact Max Hadgelias for further information about submitting your expression of interest.
The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2011 was 5,546 people. By 2016 the population was 5,565 showing a population growth of 0.3% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 50.6% of the homes in Red Hill were owner-occupied compared with 50.5% in 2016.
Red Hill has 2,829 properties. Over the last 5 years, Houses in Red Hill have seen a 76.21% increase in median value, while Units have seen a 43.59% increase. As at 31 August 2024:
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