29 Pegg RoadRocklea QLD 4106
Property Details for 29 Pegg Rd, Rocklea
29 Pegg Rd, Rocklea is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 718m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Rocklea in the last 12 months.
Last Listing description (June 2024)
Welcome to 29 Pegg Rd, Rocklea - a golden opportunity awaiting your vision! This expansive 718 m2 site is perfectly positioned, just 9 km from the city and within convenient 180 m walking distance to the train station.
Beautiful open plan home with spacious living spaces that adjoin the kitchen and flow out to large entertainers deck that overlooks the great sized flat backyard.
The home offers 3 great sized bedrooms and a great sized bathroom. The property does require some TLC and there's great opportunity to renovate and cash in on the potential upside. There's plenty of car space underneath and or for storage etc along with the laundry area.
This all sits upon the large 718m2 block, which is perfect for future development. LMR2 Zoning 2-3 Stories. Potential to also add a granny flat or similar at the rear of the property to generate extra income and or increase capital growth. All Subject to council approval.
Key Features:
Strategic Accessibility: Enjoy the convenience of strategic accessibility with retail and commercial precincts nearby. Rocklea markets and Rocklea State School are also just around the corner.
Versatile Investment Options: The property offers versatility - whether you choose to land bank and hold with a solid income-producing home or proceed with a development immediately.
High Growth Corridor: Positioned in a high-growth corridor, this property is in high demand for rentals, owing to its proximity to essential services and infrastructure.
Rare Opportunity: Opportunities like this are rare, and this property stands out as a winner, no matter which path you decide to take.
Surrounded by Established Residential Areas: Nestled amidst well-established residential areas, this site presents a rare opportunity to craft a new and exciting development that is destined to be in high demand.
The location:
Rocklea is located 9 kilometres south of the Brisbane city. The west of the suburb is bordered by the Oxley Creek.
The suburb's name is derived from the Rocky Waterholes in the area. It is also at one end of the Ipswich Motorway; Ipswich Road continues north from the Ipswich Motorway, through Moorooka and into the Brisbane central business district. The Beenleigh railway line passes through the suburb which is serviced by Rocklea railway station.
Want to know more about this opportunity? Call Shane on 0438 723 801
Disclaimer:
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Property History for 29 Pegg Rd, Rocklea, QLD 4106
- 03 May 2024Sold for $629,000
- 19 Mar 2024Listed for Sale Offer's from $599,000!
- 24 Feb 2015Listed for Rent - Price not available
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0About Rocklea 4106
The size of Rocklea is approximately 9.3 square kilometres. It has 22 parks covering nearly 13.8% of total area. The population of Rocklea in 2011 was 1,255 people. By 2016 the population was 1,579 showing a population growth of 25.8% in the area during that time. The predominant age group in Rocklea is 20-29 years. Households in Rocklea are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Rocklea work in a professional occupation. In 2011, 55.2% of the homes in Rocklea were owner-occupied compared with 51.1% in 2016.
Rocklea has 1,422 properties. Over the last 5 years, Houses in Rocklea have seen a 83.85% increase in median value, while Units have seen a 62.49% increase. As at 31 October 2024:
- The median value for Houses in Rocklea is $710,076 while the median value for Units is $506,443.
- Houses have a median rent of $563 while Units have a median rent of $380.
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