OFF MARKET

17 Lancelot Street
Tennyson QLD 4105

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 117m2
Land area: 810m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Dec 2024
Low

High
Save

Property Details for 17 Lancelot St, Tennyson

17 Lancelot St, Tennyson is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 810m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
House
Year Built
1970
Floor Size
117m2
Land Size
810m2
Local Government
Brisbane
Lot/Plan
228/RP37716

Last Listing description (August 2020)

Tennyson is a riverside suburb located approximately 7km from the CBD. Easily accessible by train and bus to the city and located in close proximity to Brisbane’s International tennis centre and the Rocklea Markets.

This renovated post war character home on a large 810sqm 2 lot development block.

The home features original polished wooden floors, 3 large bedrooms and a fully renovated bathroom and kitchen. The large kitchen features plenty of storage, new stove, cooktop and tiled splashbacks. There is an easy flow out to the open plan living and dining, making entertaining and a relaxed lifestyle easy.

The lounge / dining space features wooden doors opening to a large covered courtyard - perfect for a summer BBQ and enjoying time with family and friends.

The home also features a double lock up garage, with room for 2 cars.

Centrally located in walking distance to the Ken Fletcher parklands, Brisbane Golf Course and approximately 5km to Indooroopilly Shopping centre there are plenty of entertainment options to suit any lifestyle.

Upon completion of Yeerongpilly Green there will be further opportunity to enjoy luxury shopping precincts, cafes, restaurants and an enviable lifestyle.

So what are the potential options?

OPTION 1
Buy and hold, either live in the property or rent it out and wait for the completion of the upcoming infrastructure to take advantage of potential growth.

OPTION 2
Move the home sideways onto one lot and the sell the other lot or build on it

OPTION 3
Remove the home and sell the two individual lots

OPTION 4
Remove the home and then build 2 new build homes to sell or rent

OPTION 5
On Lancelot Street and Vivian Street there are 2 properties that are built with independent 1-bedroom lifestyle rooms. Each room is equipped with an ensuite and a kitchenette. There is also I believe a common area that is shared by the residents and each room has parking underneath. Rent for these rooms can be as high as $320/week from my research.
Assuming you built back to back (4 x 2 lifestyle bed sits) there may be potential to generate $2500 per week.
Please note these are only rough ideas that still need to be ratified and confirmed.

OPTION 6
Raise and build yourself a larger home for your family.

For more information please call Charles Wiggett 0424 754 113.

Public Open Homes are now allowed as per REIQ advice.
Maximum of 5 people in the open home at any one time.

Inspections can also be conducted by FaceTime video or private booking, limited to 5 people at a time.

Social distancing will be strictly adhered to and sanitation prior to and after inspection will carried out.

For more information copy and paste the link below:
https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/how-to-protect-yourself-and-others-from-coronavirus-covid-19/limits-on-public-gatherings-for-coronavirus-covid-19

Property History for 17 Lancelot St, Tennyson, QLD 4105

A timeline of how this property has performed in the market
Last Sold
$786,000
27 Jun 2020
Listed for Rent
$460/w
02 Feb 2017
  • 27 Jun 2020
    Sold for $786,000
  • 07 Nov 2019
    Listed for Sale FOR SALE NOW
  • 22 Jun 2018
    Sold for $745,000
Sign in to see more transactions

Commute Calculator

About Tennyson 4105

The size of Tennyson is approximately 1.3 square kilometres. It has 4 parks covering nearly 17.5% of total area. The population of Tennyson in 2011 was 859 people. By 2016 the population was 1,045 showing a population growth of 21.7% in the area during that time. The predominant age group in Tennyson is 60-69 years. Households in Tennyson are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tennyson work in a professional occupation. In 2011, 62.2% of the homes in Tennyson were owner-occupied compared with 70% in 2016.

Tennyson has 637 properties. Over the last 5 years, Houses in Tennyson have seen a 51.98% increase in median value, while Units have seen a 49.19% increase. As at 30 November 2024:

  • The median value for Houses in Tennyson is $1,229,295 while the median value for Units is $965,807.
  • Houses have a median rent of $725 while Units have a median rent of $660.
There are currently 4 properties listed for sale, and 1 property listed for rent in Tennyson on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Tennyson.

Suburb Insights for Tennyson 4105

Market Insights
Tennyson Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Tennyson Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.