Set on a substantial, elevated, 647sqm block, with a 15.9 street frontage and a depth of 40.5mtrs, this post-war treasure offers liberal scope to renovate, extend or completely demolish to develop a luxury residence befitting its prime location (STCA). This property offers exceptional value and enormous opportunities for future capital gain.
The fabric of the original dwelling is mainly untouched and displays a typical layout indicative of the era. Features include hardwood floors and a covered deck overlooking a level backyard sure to appeal to avid gardeners, and a safe play area for children and pets.
Investors wishing to land bank the property would have no difficulty obtaining immediate solid rental returns, while capacity exists for a quick low-cost refurbishment to increase yield. Homes in this prestigious neighbourhood are realising sale prices of over a million dollars.
Situated within the sought-after Mansfield State High School catchment and the Wishart Primary School Catchment, families will relish the choice and proximity of public and private educational facilities, including Griffith University, Clairvaux MacKillop College, Upper Mount Gravatt State School and St. Catherine's Catholic Primary School.
The convenience of the location cannot be overstated! Every lifestyle amenity is close by, for instance, the south-east's largest Westfield Garden City shopping centre, Hibiscus Sports Complex and park, plus only blocks away from the Mt Gravatt Outlook Reserve. This park includes barbecues, picnic areas, spectacular views, bushwalking tracks and designated shared-use trails for walking and cycling.
Bus transport is at your doorstep, and TAFE and Hospitals are a mere minutes' drive away. Approximately 9kms from the Brisbane CBD with easy access to the Pacific Motorway linking the Gold and Sunshine Coasts.
Plus, Sunnybank's Asian community is in a neighbouring suburb and is a hugely popular destination for dining and shopping.
When it comes to real estate, everyone knows that location is vital. 387 Newnham Road is zoned 'low-rise' and delivers an enticing prospect for savvy buyers and investors alike, whether local or interstate.
This unpolished gem won't last long on the market!
To make an early offer, please sign up on Market Buy using the below link to submit your best offer and terms
https://woolloongabba.marketbuy.com.au/sign-up/p/6lt/387-newnham-road-upper-mount-gravatt-qld
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
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