1657 Logan RoadUpper Mount Gravatt QLD 4122
Property Details for 1657 Logan Rd, Upper Mount Gravatt
1657 Logan Rd, Upper Mount Gravatt is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 802m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Upper Mount Gravatt in the last 12 months.
Last Listing description (May 2024)
AN ALL TOO RARE 802M2 FLAT LOT IN SORT UPPER MOUNT GRAVATT, JUST MINUTES AWAY FROM LOCAL SHOPS & PUBLIC TRANSPORT, THIS OPPORTUNITY WILL NOT LAST! THE VENDORS INSTRUCTIONS ARE CLEAR, "THE PROPERTY MUST BE SOLD ON OR BEFORE THE 15th of MAY"*
Auction via In-Room and Online: 15/05/2024 from 6:00pm, if not sold prior
Auction Location: Ray White Mt Gravatt Auction Room | 1450 Logan Road, Mount Gravatt
(Phone & Online Registrations must be completed by 3:00pm on Auction Day)
With its prime position and frontage on Logan Road, along with proximity to amenities, education, and transport, this big 802sqm block is a ready candidate for splitting into two neat 401sqm allotments.
Of course, that's just one option for savvy buyers to consider when reviewing the opportunity on offer here. The cute weatherboard house that sits well-back from the road, has a great structure and could be renovated, raised, or renewed with extensions to create a wonderful family home or a very desirable rental property. And there's always the land investment and renting out the house immediately whilst you sit back and watch the capital value of this block rise over time.
Whatever the best outcome is for your situation, to move in and utilize the convenient location as a home based business, to set up your family here and access the great schools in the region or to lease the home and enjoy a steady and solid income return in a very popular and tight rental market; this is a winner and a must to consider for all serious buyers.
Where we see the main value and capital return would be undertaking to split the block into two identical sized lots of 801sqm each and building a new home on one block, or both for re-sale or to move into. The house is currently used as an office and has been kept in very neat and modern condition.
The post-war style home offers a simple layout that includes:
Single carport with on-block parking
Porch entry into large, carpeted lounge area with A/C
Modern kitchen with built-in cabinetry and timber-plank flooring
Small dining area and split-level connects to WC
Four bedrooms with fans and one with A/C
Updated bathroom with separate toilet
Massive back yard with water tank and garden shed
Conveniently, it has proximity to primary and high schools, major supermarkets and shops, cafes, and retailers at Westfield Garden City and locally on Logan Road. It has city express bus stops nearby and is a few minutes' drive onto the M1 about 20 minutes into the city.
Property highlights include:
Potential Splitter block of 802sqm (Subject to BCC Approval)
Opt to live in, rent or on-sell
Close to major shops, city bus & schools
Few minutes to motorway & Westfield Garden City
Investors seeking a fantastic opportunity with plenty of options in both the short and long term, this is one you should be quick to secure.
* subject to reserve
Property History for 1657 Logan Rd, Upper Mount Gravatt, QLD 4122
- 05 Aug 2024Sold for $1,157,000
- 24 Apr 2024Listed for Sale CIRCUMSTANCES CHANGE - MUST BE SOLD!
- 28 Apr 2015Sold for $569,000
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About Upper Mount Gravatt 4122
The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2011 was 8,852 people. By 2016 the population was 9,227 showing a population growth of 4.2% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation. In 2011, 59.9% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.2% in 2016.
Upper Mount Gravatt has 5,441 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 70.52% increase in median value, while Units have seen a 51.15% increase. As at 31 October 2024:
- The median value for Houses in Upper Mount Gravatt is $1,068,745 while the median value for Units is $617,876.
- Houses have a median rent of $628 while Units have a median rent of $630.
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