48 Morrow StreetTaringa QLD 4068
Property Details for 48 Morrow St, Taringa
48 Morrow St, Taringa is a 4 bedroom, 3 bathroom House with 5 parking spaces and was built in 1910. The property has a land size of 1029m2 and floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in June 2000.
Last Listing description (February 2024)
Ready for redevelopment and reward, this rare to market offering situated within the inner-west's medical, allied health and professional suites precinct presents a mixed-use commercial, residential and/or retail construction opportunity granting exceptional main road exposure.
Under the current town plan, a new five-storey building is code assessable with an option for higher levels upon Development Application approval. Located within 150m of the train, Westside Private Hospital and the new Coles Local Taringa project, this elevated, former Taringa Police Station site has a wide frontage, good access and extensive off-street parking.
With a range of planning options available to explore under its district centre zoning, investors, developers and business owners will recognise the future growth potential that this well-placed property possesses.
Removable, the existing five bedroom, two bathroom timber structure is currently used as a private residence with the potential of income producing, student accommodation rooms. The house has separate living on each level, secure storage spaces, multiple undercover and open car parks, and a large, concreted turnaround area for exiting vehicles. Buyers may choose to landbank in the interim and lease as commercial premises while development plans are considered and lodged.
Central to the retail, dining and entertainment areas of Indooroopilly Shopping Centre and Toowong Village, with proximity to The University of Queensland and only 5km from the city, it is anticipated that this prime development opportunity will see great interest.
With high frequency buses and train station nearby plus a major traffic thoroughfare to allow easy connection and access, the visible location will appeal to enterprise looking to construct specialist retail, multi-level administrative or state-of-the-art health consultancy suites, and premium residential apartments.
Property History for 48 Morrow St, Taringa, QLD 4068
- 29 Aug 2022Listed for Sale By Negotiation
- 03 Jul 2019Listed for Rent - Price not available
- 04 Feb 2019Listed for Rent - Price not available
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About Taringa 4068
The size of Taringa is approximately 2.1 square kilometres. It has 10 parks covering nearly 9.1% of total area. The population of Taringa in 2011 was 7,175 people. By 2016 the population was 8,386 showing a population growth of 16.9% in the area during that time. The predominant age group in Taringa is 20-29 years. Households in Taringa are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Taringa work in a professional occupation. In 2011, 46.1% of the homes in Taringa were owner-occupied compared with 43.6% in 2016.
Taringa has 5,147 properties. Over the last 5 years, Houses in Taringa have seen a 82.02% increase in median value, while Units have seen a 77.28% increase. As at 31 October 2024:
- The median value for Houses in Taringa is $1,598,324 while the median value for Units is $735,099.
- Houses have a median rent of $680 while Units have a median rent of $600.
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