OFF MARKET

34 Payne Road
The Gap QLD 4061

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 220m2
Land area: 1257m2
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Property Details for 34 Payne Rd, The Gap

34 Payne Rd, The Gap is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 1257m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in July 2020.

Building Type
House
Year Built
1960
Floor Size
220m2
Land Size
1257m2
Local Government
Brisbane
Lot/Plan
3/RP101273

Last Listing description (August 2020)

Positioned to take in sweeping views of the Taylor Range and offering its own park-like parcel totaling 1,257m2, this blue-chip property is simply brimming with potential and opportunity. Don't drive past in 5 years time and kick yourself for not having bought it now! Large parcels of land in the area are becoming increasingly more difficult to find and significantly more expensive with each passing year.

Backing onto nearly 2.5 acres of Council parkland and offered for sale for the first time in its history, 34 Payne Road presents so many opportunities for the astute buyer. Nestled on 2 separate good-sized lots (Lot 1 is 640m2 approx and Lot 3 is 617m2 approx) the sale of this much loved family home will undoubtedly appeal to buyers who value location, land size and are wanting a wonderful home with loads of potential.


Do you fantasize about living on acreage while still having swift and easy access to all the conveniences and opportunities of a CBD? Renovate & extend the existing home to reveal the character and charm of a bygone era or knock down and rebuild (STCA) to make way for your dream home across the entire 1,257m2 lot!

Are you a small scale Property Developer? Then Land Bank this beauty! Offset your holdings costs by renting out the existing home until you secure a DA & proceed with the property development.

This original mid century brick home comprises a large living room with open fireplace and French doors to the wrap around verandah with wonderful northerly outlook. Neat, tidy and utterly charming, it is sure to outshine its market competitors. The opportunities are endless and limited only by your imagination!

No matter what you desire, this unique property offers it all just minutes from elite schools, village shops and city bound transport!

Further features to love include:

* Open plan living and dining spaces are generous in size and offer flexibility for families
* Central, original kitchen incorporating abundant storage, ample preparation space and direct patio access
* Three generously proportioned built in bedrooms upstairs capture cooling breezes and leafy vistas
* Original family bathroom with separate toilet
* Lower level rumpus/retreat with second bathroom and abundant storage
* Massive backyard with rolling lawns and established gardens on massive 1,257m2 parcel with no title easements
* Close to a selection of elite private and state schooling options & within catchment for the Payne Road Primary & The Gap State High School
* Easy access to Bardon, West Ashgrove & Ashgrove shopping centres, minutes to desirable dining precinct of Paddington & Rosalie Village
* Moments to a choice of dining precincts, golf course & well serviced by public transport
* Bring your plans and dreams and watch your future grow in this great inner-city location

A rare opportunity offering so much versatility and an incredible scope, this blue chip property is being sold by Public Auction.

Building and pest reports available for all interested buyers.

* Please note boundary lines depicted on photography and in marketing images are indicative and for illustration purposes only.

** This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

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Property History for 34 Payne Rd, The Gap, QLD 4061

A timeline of how this property has performed in the market
Last Sold
$920,000
11 Jul 2020
  • 11 Jul 2020
    Sold for $920,000
  • 09 Jun 2020
    Listed for Sale Auction onsite 11th July 11:00AM

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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 6,801 properties. Over the last 5 years, Houses in The Gap have seen a 66.85% increase in median value, while Units have seen a 71.46% increase. As at 30 September 2024:

  • The median value for Houses in The Gap is $1,292,329 while the median value for Units is $938,107.
  • Houses have a median rent of $770 while Units have a median rent of $680.
There are currently 27 properties listed for sale, and 6 properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in The gap.

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