OFF MARKET

2/625 Newnham Road
Upper Mount Gravatt QLD 4122

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 84m2
Land area: 114m2
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Property Details for 2/625 Newnham Rd, Upper Mount Gravatt

2/625 Newnham Rd, Upper Mount Gravatt is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 114m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Unit
Year Built
2006
Floor Size
84m2
Land Size
114m2
Local Government
Brisbane
Lot/Plan
2/SP182775

Last Listing description (March 2023)

A tidy two-bedroom apartment in this well-maintained and neatly managed apartment complex offers investors or savvy homeowners a terrific opportunity to secure a solid property with good returns and long-term value to be seen. Ideal for renting, this neatly presented unit will appeal to a wide range of tenant including professional couples, students studying nearby, or small families. It has historically had low vacancy and decent return on investment. Alternatively, you can move in and enjoy all the easy living that comes with apartment life!

Unit 2 has a simple yet practical layout with two good-size bedrooms. Each bedroom has its own robes for storage and access to a bathroom. The master has a neatly appointed en-suite whilst the 2nd bedroom has a sliding door to the balcony.

Main living and dining has an easy square shape for planning your furnishings and provides for a casual meals area opposite the kitchen and a spacious and comfortable lounge room for setting up your media equipment, comfy couches and coffee tables, plus room for shelving and cabinetry. This space has split system air conditioning but also enjoys good airflow from the large balcony doors. The outdoor balcony is a generous, covered area suited for alfresco eating and relaxing, plus space for clothes drying.

There is a trendy kitchen offering ample bench space and a range of cabinetry above and below for all your storage requirements. It is fitted with stainless steel oven, dishwasher and ceramic hob.

Positioned in a sought-after location of Upper Mount Gravatt it provides residents with walkability to major shopping and transport hub Westfield Mt Gravatt. Only 500m away you can jump on city bound buses, enjoy abundant entertainment with cinema, restaurants and plenty of shopping and public services like the large library. In addition, up the road are two more established complexes offering more dining options, cafes and specialty stores.

Only 15km to Brisbane CBD, the complex is also close to Griffith University Mount Gravatt campus, or easy and quick access into the city's universities of QUT and UQ.

Complex features include:
- Maintained gardens and common areas
- Large swimming pool with sun lounges and covered seating area
- Sauna facility, internal stairs and secure underground car parking

Current investor is cashing up creating an excellent opening for an astute purchaser to swoop in and grab a deal on this ideally located and low maintenance apartment.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 2/625 Newnham Rd, Upper Mount Gravatt, QLD 4122

A timeline of how this property has performed in the market
Last Sold
$432,500
30 Jan 2023
Listed for Rent
$400/w
06 Sep 2014
  • 30 Jan 2023
    Sold for $432,500
  • 22 Jan 2023
    Listed for Sale UNDER CONTRACT
  • 15 Aug 2014
    Listed for Rent - Price not available
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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 5,462 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 76.02% increase in median value, while Units have seen a 43.51% increase. As at 30 November 2024:

  • The median value for Houses in Upper Mount Gravatt is $1,104,993 while the median value for Units is $608,686.
  • Houses have a median rent of $630 while Units have a median rent of $635.
There are currently 29 properties listed for sale, and 28 properties listed for rent in Upper mount gravatt on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Upper mount gravatt.

Suburb Insights for Upper Mount Gravatt 4122

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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.