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523 Newnham Road
Upper Mount Gravatt QLD 4122

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 546m2
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Property Details for 523 Newnham Rd, Upper Mount Gravatt

523 Newnham Rd, Upper Mount Gravatt is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 546m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Upper Mount Gravatt in the last 12 months.

Building Type
House
Land Size
546m2

Last Listing description (October 2024)

This modest 3-bedroom lowset is move-in or rent-ready just as it is, but savvy buyers will likely land bank this and explore the future development potential of such a high-profile site in a Medium Density Residential (MDR) zone (STCA).

Highlights:

- Substantial 546m2 block with MDR zoning for development up to 5 storeys (STCA)
- Existing brick lowset would make a fabulous first home for a young family or a great investment for a smart investor
- 3 good size bedrooms, large living areas, kitchen & bathroom, laundry and lock up garage
- Zoned for Wishart State School/MacGregor State High (3- & 5-min drive respectively)
- Bus stop up the road to Westfield Mt Gravatt exchange, or drive there in 3 minutes

If you're a first-time buyer looking for a place for yourself, this property is a strong contender given its proximity to quality local state schools, Westfield Mt Gravatt - for shopping, entertainment, restaurants and bus connections to get you further around Brisbane - and onto the Gateway Motorway.

The house is a good size for a small family, or group of friends if you're renting it out, with its bright and airy large lounge, separate meals area, a good-sized kitchen with lots of cabinetry, a nice bathroom, separate laundry and a lock up garage which can be used as a multi-purpose room or as a home office. Outside, there's little to manage that a run of the mower can't handle occasionally, with the house surrounded by fenced lawns.

Buyers running home businesses will also see the benefits of this location for exposure to potential new customers driving by, and the availability of plenty of off-street car parks.

Of course, the big dreamers will be looking into the scope that comes with MDR zoning and making their decisions accordingly!

Current tenants are moving out and owners are keen to sell, so skates on buyers - make your offers!

All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Sunnyvale Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 39 633 082 112 / 21 107 068 020

Property History for 523 Newnham Rd, Upper Mount Gravatt, QLD 4122

A timeline of how this property has performed in the market
Last Sold
17 Oct 2024
Listed for Rent
$390/w
21 Sep 2021
  • 17 Oct 2024
    Sold for $1,050,000
  • 10 Sep 2024
    Listed for Sale Under Contract
  • 31 Aug 2021
    Listed for Rent $390 / week
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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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Contact agent
Shirley Chow
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Jackson Chow
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LJ Hooker Property Partners - Sunnybank Hills and Mount Gravatt
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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.