15 Yarroon St, Gladstone Central is a 7 bedroom, 9 bathroom House with 7 parking spaces and was built in 1874. The property has a land size of 1437m2 and floor size of 481m2. While the property is not currently for sale or for rent, it was last sold in March 1998.
Originally built in 1874, and as such one of, if not the oldest surviving residential home in Gladstone, 'Vahreema' is a home of outstanding local importance. Assembled from an existing Gladstone house along with two other houses relocated from Charters Towers, the property was owned and inhabited by the Friend family for more than 90 years - some long term locals will recall the 'Friends' department store in Goondoon Street, a staple of Gladstone life through the early-to-mid-1900's. Following the Friend family, it became the family residence of Martin and Mary Hanson, the then-proprietors of the Grand Hotel along with Martin's position as the Labor Member for Gladstone for many years, a position he practiced from the front room/office of the home through a separate visitor's entrance. In 1998 the property was acquired by the current owners and was summarily renovated into the first Bed and Breakfast in town, winning multiple awards and hosting a variety of folk from around the globe. In recent years, the owners have ceased the operation of the property as a guest house and have been enjoying it, as the previous custodians had, as a private home. The time has come to downsize, so the opportunity now exists to own an unrepeatable portion of Gladstone's rich history.
The property itself is as grand as one would expect from its heritage. Offering 7 spacious suites all with separate sitting rooms and bathrooms, there is certainly no lacking of accommodations. The soaring ceilings, sumptuous timber floors, and tongue-and-groove walls hearken back to another era of quality and are complimented by the dcor and colour schemes. The central sitting room and fireplace are a lovely core of the home and a wonderful space for a family and friends to come together and enjoy each other's company as so many in the past have clearly done. The position within the CBD provides convenience to all amenities and an easy walk to the waterfront precinct along with several restaurants, pubs, Library Square, and the Entertainment Centre.
The size of Gladstone Central is approximately 3.1 square kilometres. It has 13 parks covering nearly 13.8% of total area. The population of Gladstone Central in 2016 was 1547 people. By 2021 the population was 1550 showing a population growth of 0.2% in the area during that time. The predominant age group in Gladstone Central is 20-29 years. Households in Gladstone Central are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gladstone Central work in a professional occupation.In 2021, 29.80% of the homes in Gladstone Central were owner-occupied compared with 25.70% in 2016.
Gladstone Central has 2,315 properties. Over the last 5 years, Houses in Gladstone Central have seen a 104.60% increase in median value, while Units have seen a 105.69% increase. As at 30 November 2025:
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