28 Vine StreetStones Corner QLD 4120
Property Details for 28 Vine St, Stones Corner
28 Vine St, Stones Corner is a 9 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 810m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Last Listing description (December 2022)
Well positioned in an exceptional lifestyle location, an opening to acquire this collection of five revenue generating flats on 810sqm epitomises a significant investment opportunity.
Investors looking to secure property in a high growth locale, currently with solid returns & with plenty of scope to renovate, to hold, split, or even redevelop - the options are endless (STCA).
Sitting on two separate lots, the allotment currently comprises of two levels of flats in a single dwelling, comprising 1 x three bedroom flat, 2 x two bedroom flats and 2 x one bedroom flats. All flats include a functional kitchen with good storage & space for meals area, spacious light filled living room, original condition central bathroom, & good-sized bedrooms. This brilliantly located block also features off street parking for 5 (3 undercover) cars & a spacious communal laundry.
The property is located within the low-medium density residential (2 or 3 storey mix) zone and the current dwelling can be removed (STCA) with a plethora of opportunities available:
- Split the site and accommodate a single house on each and build two dream homes with city views
- Sell one block and build on the other, or sell both blocks
- Development approval exists for townhomes
- Potential to construct a partial three storey apartment block, with scope for up to 10 x 2/3 bedroom units above a basement car parking arrangement (STCA)
- Hold and reap the current rental returns
Don't miss this opportunity to make you mark & capitalise on this great address within easy walking distance to public transport, the Stones Corner precinct restaurants, cafes and specialty shops and Greenslopes Mall. Close to public transport, schools, cafes, hospitals, and shopping, 28 Vine Street is brilliantly located.
Property History for 28 Vine St, Stones Corner, QLD 4120
- 18 Oct 2022Sold for $1,435,000
- 12 Sep 2022Listed for Sale Offers Over $1.499M
- 09 Aug 2019Sold for $985,000
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About Stones Corner 4120
The population of Stones Corner in 2011 was 8,564 people. By 2016 the population was 8,939 showing a population growth of 4.4% in the area during that time. The predominant age group in Stones Corner is 20-29 years. Households in Stones Corner are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stones Corner work in a professional occupation. In 2011, 42.5% of the homes in Stones Corner were owner-occupied compared with 40.8% in 2016.
Stones Corner has 1,685 properties. Over the last 5 years, Houses in Stones Corner have seen a 72.41% increase in median value, while Units have seen a 77.94% increase. As at 31 August 2024:
- The median value for Houses in Stones Corner is $1,296,477 while the median value for Units is $702,965.
- Houses have a median rent of $560 while Units have a median rent of $600.
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