34 Reeve Street, Clayfield QLD 4011

Welcome

One of Brisbane's most prestigious suburbs in Clayfield is offering a fresh property opportunity that presents premium living and investment potential. Having been a family-owned home for generations, the property has now come onto the market for the first time in over 50 years as a deceased estate. Our Ray White team is privileged to represent a motivated seller and prospective buyers who are eager to secure a prime foothold in this North Brisbane lifestyle locale.

From the outset, this is a property for those with a clear vision - a dream to build a family, forever home, an investor looking for a promising renovator or developer with scope to build a lucrative asset from scratch. The house itself is currently not liveable but represents a good foundation to build upon; or it may be a preferred case of clearing the land (Council approvals permitting) and starting anew from a blank design canvas. Either way, it's the block and location that pack the real property punch here with situational opportunities like this not coming up frequently in this highly sought-after area.

Let's talk highlights

To start, this is a generously sized block at 610 sqm boasting a wide, 15.7 m frontage to Reeve Street facing due South - its size in-line with the suburb average. The street itself is wide and beautifully tree-lined connecting with convenient Sandgate Road at one end and bustling Alexandra Road the other featuring Oriel Park and the Oriel Markets. Also situated in the surrounding area is the chic Portside Wharf accessing the popular Brisbane River Loop cycle route, Kedron Brooke Bikeway, Racecourse Road shopping and dining strip, flourishing Nundah Village and the popular Harris Farm Markets right down the street. Infrastructure wise, Albion Train Station is only 1.2 km away, the Brisbane Airport just 5 km and the CBD 6 km. The address conveniently falls under the Ascot State Primary School catchment area with proximity to esteemed educational institutions including Clayfield College, St Margaret's Anglican Girls School, St Rita's College and Aviation State High School.

Performance plus

Sales price growth for Clayfield homes has reached an incredible 29.8%* with exponential increases experienced in the last quarter alone. Rental yields have also grown by a strong 1.9%** and houses listed for sale aren't staying on the market long with the average period being just 23 days*** - unprecedented property performance. All this positive activity bolsters a sound investment future for the buyer, and given the dynamics of this particular Clayfield property, competitive market value may just hit home on auction day.

Property snapshot

• Address: 34 Reeve St CLAYFIELD 4011
• 610 sqm block
• Renovate or build
• Close to the train station, bus stop, airport and CBD
• Lifestyle precincts nearby
• Ascot State Primary School catchment area
• A prosperous suburb profile

Clayfield property market data sourced from Property Data Solutions Pty Ltd 2022.
* Based on 261 registered house sales compared over the last two rolling 12-month periods.
** Based on 117 registered house rentals compared over the last 12 months.
*** Based on 7 selected houses sold across Aug, Sep, Oct 2022.


Disclaimer: This property is being sold by auction or without a price, and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Any estimates on this page are not provided by the Agency or Agent and are not a price guide