Immaculate 1960’s Bungalow – 804m2 Corner Block Opposite Park – Subdivision Potential
Offered to the market for the first time in over 55 years, this is an amazing opportunity to purchase a property in this tightly held residential precinct with its wide streets and tree lined streetscapes.
Overlooking Gibson Place Park, this immaculate timber home offers 3 bedrooms, a large eat in kitchen, separate air conditioned lounge room, neat and tidy bathroom and a cosy front verandah which opens from the lounge with full length sliding glass doors. There is also a covered outdoor entertaining area at the rear and a double garage at the front (with extra car accommodation under the house too).
The house was built in an era when workmanship was paramount, and this is obvious in the solid hardwood timber frame, hardwood timber flooring and iron roof. Charming mid century design features include a huge fixed panoramic window in the lounge room as well as timber sashed awning and casement windows, masonite walls and glass display cabinets in the kitchen. The property is an ideal family home just as it is, but it would also renovate beautifully – add an extra level, reconfigure the floor plan or simply add a deck and enjoy the location. There is also plenty of room to add a pool.
The block itself is a major asset – the 804m2 corner allotment boasts a wide two street frontage and enjoys a leafy vista over the park opposite. While home owners will appreciate the extra space a large block offers, Developers will be attracted by the subdivision potential which is on offer here. Subject to Council Approval, it may be possible to split the block and build two brand new homes in this highly sought-after area. There is no challenging underground infrastructure in place and block access is obviously a breeze.
Regardless of the motivation, the home will certainly appeal to family buyers with children as it is within the coveted catchment of both Marshall Road Primary School and the boutique Holland Park State High School. Griffith University Campus is easy to access as well. City workers can commute via the South East Busway with the Holland Park West Station only moments away and there are lots of local shops, cafes and restaurants to choose from. Westfield Garden City will become your “go to” destination for serious retail therapy in this location!
An inspection of this property will get your imagination fired up as you ponder whether to move in and enjoy, raise and renovate, remove and rebuild or simply rent out while you take time to consider your next move.
Brisbane City Council Rates: $431 per quarter (approx.)
Anticipated Rental Return: $450 per week (approx.)
Contact Pathrina for more information.