OFF MARKET

1381 Waterworks Road
The Gap QLD 4061

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 294m2
Land area: 3493m2
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Property Details for 1381 Waterworks Rd, The Gap

1381 Waterworks Rd, The Gap is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1985. The property has a land size of 3493m2 and floor size of 294m2. While the property is not currently for sale or for rent, it was last sold in April 2017.

Building Type
Unit
Year Built
1985
Floor Size
294m2
Land Size
3493m2
Local Government
Brisbane
Lot/Plan
1/RP103048

Last Listing description (June 2021)

1381 Waterworks Road is a very rare buying opportunity.

The property features an existing hillside home and has development approval for luxury townhouses. The approved project takes place over the massive 3493sqm block, which plans to separate the existing house onto its own lot and then develop 9 high end townhouses.

KEY FEATURES

- Existing massive hillside home worth $825,000 - $850,000
- DA Approved for 9 Luxury townhouses
- Townhouses come in 3 & 4 bedrooms designs
- Designs in sizes from 174sqm to 230sqm
- Much of the design work has been completed, plans available
- Earthworks has been completed on the building pads for the townhouses
- Estimated sales prices ranging between $729,000 - $894,000

THE HILLSIDE HOME (4/2/2*)
This hillside home should not be considered as any mere addition. The two storey home boasts an entire floor for entertainment, living and dining. The combined dining and living room open onto the timber veranda which looks down into the valley below. Also connected to this space is the large living room which opens onto the inground pool.

Upstairs are the four bedrooms and two studies. The main bedroom is like no other as it features ensuite, walk-in robe, private study and veranda access with views of the lake and valley below. The other bedrooms are all well sized and feature built-in wardrobes.

NATURE'S EDGE TOWNHOUSES
Tucked away amongst the leafy natural bushland of The Gap, one of Brisbane's most exclusive locales, Nature's Edge strikes the perfect balance between privacy, community and lifestyle. This development is a residential estate comprising nine exceptionally finished townhouses. Meticulously designed and conveniently located, Nature's Edge represents a truly prestigious address in the heart of The Gap.

TOWNHOUSE FEATURES
- Nature's Edge offers 3 and 4 bedroom designs.
- Each townhouse features 2 bathrooms and a powderroomd.
- Kitchen island benchtops are 40mm stone with waterfall edges.
- All other benches throughout the home are 20mm
- Master bedroom features access to a private balcony, en suite bathroom and walk-in robe.
- Additional bedrooms feature built-in wardrobes and ceiling fans.
- Bedrooms and living rooms are made comfortable all year round by ducted air conditioning.

Please contact Lee Dwyer on 0439 111 899 or lee@mcandrewgroup.com.au for further information.

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Property History for 1381 Waterworks Rd, The Gap, QLD 4061

A timeline of how this property has performed in the market
Last Sold
$1,100,000
28 Apr 2017
  • 07 May 2021
    Listed for Sale Price On Application
  • 02 Jul 2020
    Listed for Sale For Sale $699,000
  • 28 Apr 2017
    Sold for $1,100,000
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About The Gap 4061

The size of The Gap is approximately 12.6 square kilometres. It has 31 parks covering nearly 10.8% of total area. The population of The Gap in 2011 was 15,949 people. By 2016 the population was 16,709 showing a population growth of 4.8% in the area during that time. The predominant age group in The Gap is 40-49 years. Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation. In 2011, 83.4% of the homes in The Gap were owner-occupied compared with 83% in 2016.

The Gap has 6,799 properties. Over the last 5 years, Houses in The Gap have seen a 75.11% increase in median value, while Units have seen a 64.23% increase. As at 31 January 2025:

  • The median value for Houses in The Gap is $1,290,990 while the median value for Units is $939,103.
  • Houses have a median rent of $760 while Units have a median rent of $688.
There are currently 18 properties listed for sale, and 5 properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in The gap.

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