OFF MARKET

377 Mccullough Street
Sunnybank QLD 4109

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 607m2
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Property Details for 377 Mccullough St, Sunnybank

Building Type
Commercial
Year Built
1990
Land Size
607m2
Local Government
Brisbane
Lot/Plan
50/RP135380

Last Listing description (December 2016)

Earning its current owners a stable rental income and with top potential for expansion/redevelopment, this must-view property - just a stroll to Market Sqr, Macgregor Primary School & city buses - won t sit long on the market!
Occupying the 607m2 block now is a solid brick lowset with 5 spacious air conditioned bedrooms, 2 bathrooms, large kitchen, dining area, 2 vehicle carport at rear + extra off-street parking space in front of the house. The 3kW solar system saves around $200 in electricity costs /month and a 5000L tank servicing the toilets keeps the water bills in check.
To put it plainly - this place is a cash cow! It s currently tenanted by mostly professionals and, with all the convenience this walk-everywhere location offers, you ll always have a waiting list of people eager to move - whether they re working full-time or uni students.

Right now approval has already been awarded for the construction of two x 1 bedroom granny flat units - which could produce additional rental income or, should you choose to move into the lowset yourself - perhaps accommodate extended family members.
That s not all though! Once the upcoming $40M redevelopment of Market Square is complete, this property has the potential to be sub-divided into two blocks and new builds undertaken (STCA). An ideal design would be for home offices downstairs with living upstairs - a perfect set-up for accountants, lawyers, architects or other home-based professionals.
Other features to consider:
- Walk to Sunny Park & Sunnybank Plaza for food, film and fashion
- Inside the prestige Macgregor Primary School catchment area
- Local bus stop is just next door or walk 3 minutes to City Express bus
- Home is fully tiled for easy maintenance
- All 5 beds have their own TV access point
- Kitchen with electric stove, range hood and dual sink
- Separate toilets, laundry
With future options as vast as these - this is going to be one very popular property! Priced to sell you ll need to move fast to hook this one!
All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Property History for 377 Mccullough St, Sunnybank, QLD 4109

A timeline of how this property has performed in the market
Last Sold
$816,000
25 Jun 2016
  • 25 Jun 2016
    Sold for $816,000
  • 22 Jun 2016
    Listed for Sale $750,000+
  • 23 Aug 2011
    Listed for Sale SOLD - $515,000
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About Sunnybank 4109

The size of Sunnybank is approximately 4.7 square kilometres. It has 18 parks covering nearly 17% of total area. The population of Sunnybank in 2011 was 8,090 people. By 2016 the population was 8,686 showing a population growth of 7.4% in the area during that time. The predominant age group in Sunnybank is 20-29 years. Households in Sunnybank are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunnybank work in a professional occupation. In 2011, 64.3% of the homes in Sunnybank were owner-occupied compared with 60.2% in 2016.

Sunnybank has 3,873 properties. Over the last 5 years, Houses in Sunnybank have seen a 73.34% increase in median value, while Units have seen a 74.10% increase. As at 31 October 2024:

  • The median value for Houses in Sunnybank is $1,259,150 while the median value for Units is $688,184.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 61 properties listed for sale, and 9 properties listed for rent in Sunnybank on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Sunnybank.

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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.