8-10 John St, Gracemere is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1930. The property has a land size of 2127m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom House sold in Gracemere in the last 12 months.
For sale by Openn Negotiation (flexible conditions online auction).Set on a generous 2,127 sqm block, this Gracemere property presents an outstanding opportunity for developers, investors or renovators. Its size, location and proximity to local parklands and amenities combine to create a site with excellent potential for future capital growth or an exciting redevelopment project.The existing home is a three-bedroom, one-bathroom residence with classic features. A wraparound verandah provides character and charm, while timber floors, ceiling fans and built-in robes add everyday convenience. The home also includes an internal laundry, a spacious living area and a walk-in pantry. It is currently vacant and move-in ready.Outdoors, the fenced yard offers space for families or pets, while the property's size opens doors for subdivision or further development. Investors will recognise the value in either renovating the current home, leasing it out, or optimising the land by adding a duplex or collection of townhouses.With its blend of modern and older homes, strong rental demand and steady growth, Gracemere is among the top markets listed in Smart Property Investment's 2026 FAST 50 report. Over the past 12 months, the district's dwelling values rose by 27.40 per cent, and they are forecast to grow further, so savvy investors and developers will recognise the potential of this rare chance to buy an oversized block in the suburb.Features:- 2,127sqm block in central Gracemere- Three bedrooms, one bathroom- Wraparound verandah- Timber floors and ceiling fans throughout- Generous walk-in pantry- Built-in robes and internal laundry- Fenced property with spacious backyard- Close to local parklands and amenities- Vacant, move-in ready home- Fantastic development opportunity
The size of Gracemere is approximately 70.0 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Gracemere in 2016 was 11315 people. By 2021 the population was 12023 showing a population growth of 6.3% in the area during that time. The predominant age group in Gracemere is 0-9 years. Households in Gracemere are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gracemere work in a trades occupation.In 2021, 58.60% of the homes in Gracemere were owner-occupied compared with 53.10% in 2016.
Gracemere has 5,053 properties. Over the last 5 years, Houses in Gracemere have seen a 121.83% increase in median value, while Units have seen a 103.82% increase. As at 30 November 2025:
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