59/61 Lumley StreetUpper Mount Gravatt QLD 4122
Property Details for 59/61 Lumley St, Upper Mount Gravatt
59/61 Lumley St, Upper Mount Gravatt is a 8 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 1458m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 8 bedroom House sold in Upper Mount Gravatt in the last 12 months.
Last Listing description (October 2024)
This is a fantastic opportunity to snap up 3 houses in a row and secure 1458m2 of prime Medium Density Zoned land. With unit prices soaring locally the time to secure your next project is now.
With fantastic views to the North even from ground level, this site has a 36m frontage, and 40.5m depth, is relatively flat, flood free, easement free, and has minimal trees to clear. With zoning in the area and other buildings in the street going to 5 levels this site is a true gem.
Lowset 90's Brick Home, 3 bed, 2 bath, with carport. Good condition, if slightly dated. Currently rented at $580pw untill April 2025 with stable long term tenant.
59 Lumley Street:
Colonial Workers Cottage, 2 bed, 1 bath, with under storage. Reasonable condition, with some renovations over the years. Currently rented at $440pw until July 2025 with stable long term tenant.
61 Lumley Street:
Postwar Home, 3 bed, 1 bath, with under storage. Reasonable condition, with some renovations over the years. Currently owner occupied. Rental potential estimated at $550 to $580 per week.
1458m2 of Medium Density Zoned Land
36m Frontage, 40.5m Depth
Spectacular Views to the North
5 Level Builds in Street as Precedent
Relatively Flat, Slight Fall to Street
Minimal Trees to Clear
Easement and Flood Free
900m to Westfield Mt Gravatt
Just a short 300m stroll from the Lumley Street Shops, and only 900m from Westfield Mt Gravatt and it's major Bus interchange, this location has all the infrastructure support that one could want in a site.
https://www.reval.com.au/57---59---61-lumley-street-upper-mount-gravatt-qld-4122
Property History for 59/61 Lumley St, Upper Mount Gravatt, QLD 4122
- 30 Jul 2024Sold for $3,000,000
- 12 Jun 2024Listed for Sale Expressions of Interest
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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 5,447 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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