38 Newman RoadWavell Heights QLD 4012
Property Details for 38 Newman Rd, Wavell Heights
38 Newman Rd, Wavell Heights is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 708m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Wavell Heights in the last 12 months.
Last Listing description (September 2024)
Discover a world of opportunity with this exceptional real estate offering in the coveted Wavell Heights. Situated in a prime location, this property boasts convenience at its core, being within walking distance to shops, parks, and buses, making it an ideal choice for those seeking a blend of accessibility and lifestyle.
What sets this property apart is the rarity of its expansive 700-plus square meters of land in the heart of Wavell Heights. Perched on an elevated high point on Newman Road, the breathtaking views available make it an ideal canvas for new highset homes.
Consider the prospect of maximizing capital gain by exploring a knockdown and rebuild strategy. With brand new houses fetching exceeding $2million in Wavell Heights, this presents a lucrative opportunity for those looking to invest wisely.
Not only does this property offer a promising future, but it also provides income from day one. Currently leased at $550 per week (with the lease expiring in October 2024).
To bring your vision to life, indicative photos of the new build are provided. For more in-depth details and to embark on this journey of potential, we invite you to contact Jay Wu who will guide you through the possibilities this property holds.
In the realm of real estate, this offering stands as more than just a property; it's an opportunity waiting to be seized. Elevate your investment portfolio, capitalize on the location, and step into a world of potential with this prime real estate in Wavell Heights.
Property History for 38 Newman Rd, Wavell Heights, QLD 4012
- 02 Jul 2024Sold for $915,000
- 20 Oct 2023Listed for Sale Contact Jay Wu
- 14 Jul 2016Listed for Rent - Price not available
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About Wavell Heights 4012
The size of Wavell Heights is approximately 4.1 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Wavell Heights in 2011 was 9,434 people. By 2016 the population was 9,691 showing a population growth of 2.7% in the area during that time. The predominant age group in Wavell Heights is 40-49 years. Households in Wavell Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wavell Heights work in a professional occupation. In 2011, 71.4% of the homes in Wavell Heights were owner-occupied compared with 70.6% in 2016.
Wavell Heights has 4,274 properties. Over the last 5 years, Houses in Wavell Heights have seen a 86.20% increase in median value, while Units have seen a 73.44% increase. As at 30 November 2024:
- The median value for Houses in Wavell Heights is $1,333,296 while the median value for Units is $651,214.
- Houses have a median rent of $695 while Units have a median rent of $500.
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