37 Mayhew St, Sherwood is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 663m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last transferred in November 2007.
Here is an opportunity to secure a Medium Density Residential (MDR) site approx 8km to the Brisbane CBD. With 663sqm on offer, this flat block incorporates a wide frontage, and allows for the possibility of further multi-unit development.
Flood-free in both 1974 and 2011, this is definitely one to consider if you are looking for a property with development potential, or if you are looking to land-bank.
Some MDR sites in Sherwood have already been approved by council, allowing five storey high developments within the locale, however we recommend a thorough due diligence is performed, and town planning advice should be sought prior to purchasing.
The size of Sherwood is approximately 2.4 square kilometres. It has 5 parks covering nearly 12% of total area. The population of Sherwood in 2011 was 4,997 people. By 2016 the population was 5,335 showing a population growth of 6.8% in the area during that time. The predominant age group in Sherwood is 40-49 years. Households in Sherwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sherwood work in a professional occupation. In 2011, 62.3% of the homes in Sherwood were owner-occupied compared with 59.3% in 2016.
Sherwood has 3,062 properties. Over the last 5 years, Houses in Sherwood have seen a 77.55% increase in median value, while Units have seen a 71.11% increase. As at 31 October 2024:
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