40 Settlement Road, The Gap, QLD 4061 | Property Value & History | OnTheHouse
FOR SALE

40 Settlement Road
The Gap QLD 4061

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 134m2
Land area: 635m2
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Property Details for 40 Settlement Rd, The Gap

40 Settlement Rd, The Gap is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 635m2 and floor size of 134m2.This Property is currently listed for sale with Priority Residential

Building Type
House
Year Built
1970
Floor Size
134m2
Land Size
635m2
Local Government
Brisbane
Lot/Plan
15/RP83715

Last Listing description (May 2026)

Positioned on an expansive 635m block directly across the road from The Gap State School, this practical lowset home offers flexible living, everyday convenience and strong appeal for investors or buyers seeking a well-located property in a highly desirable pocket of The Gap.Designed with functionality in mind, the home features four bedrooms plus a separate study or fifth bedroom, providing versatility for a home office, additional bedroom or multipurpose space. The updated kitchen offers generous cupboard and bench space, while the main bathroom includes both a separate shower and bathtub. Two toilets add further practicality for family living.At the front of the home, the lounge room showcases polished hardwood timber floors, a fireplace and reverse-cycle air-conditioning, creating a comfortable space to relax year-round. A separate light-filled dining area or sunroom provides additional living space and enhances the home's flexible layout.The level backyard is usable and easy to maintain, offering space for children and pets while also maximising the value of the generous block. The home's position directly opposite the school further strengthens its appeal for both owner-occupiers and tenants alike.Features include: 5 bedrooms or 4 plus study Updated kitchen with plenty of cupboard and bench space Updated main bathroom with separate shower and bathtub Ceiling fans in all bedrooms Single garage with internal access Fully fenced and practical backyard Side access with room for additional cars, trailers or boat Separate internal laundry Garden shed 635m blockNearby Amenities: The Gap State School - directly across the road Bus stop (Waterworks Rd at Settlement Rd) - approx. 3 min walk (150 m) Local shops and dining (Waterworks Rd) - approx. 5-7 min walk (500 m) The Gap Village Shopping Centre - approx. 1.1 km (10-15 min walk / short drive) St Peter Chanel Catholic Primary School - approx. 200-300 m (short stroll) The Gap State High School - approx. 1 km (5-10 min drive) Local parks and walking trails - from approx. 5 min drive Enoggera Reservoir and surrounding walking tracks - approx. 10-15 min drive Brisbane CBD - approx. 10-12 km (20-30 min drive)Offering space, functionality and a highly convenient location, this is a smart opportunity to secure a property in one of The Gap's most family-friendly areas.For further information or to arrange an inspection, contact Taryn today.

Property History for 40 Settlement Rd, The Gap, QLD 4061

A timeline of how this property has performed in the market
Last Sold
$430,000
13 Jul 2017
Listed for Rent
$550/w
02 Mar 2023
  • 05 Mar 2026
    Listed for Sale Selling Now
  • 23 Feb 2023
    Listed for Rent $550 / week
  • 17 Aug 2021
    Listed for Rent $500 / week
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About The Gap 4061

The size of The Gap is approximately 12.6 square kilometres. It has 31 parks covering nearly 10.8% of total area. The population of The Gap in 2016 was 16692 people. By 2021 the population was 17318 showing a population growth of 3.8% in the area during that time. The predominant age group in The Gap is 10-19 years. Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation.In 2021, 83.60% of the homes in The Gap were owner-occupied compared with 83.00% in 2016.

The Gap has 6,803 properties. Over the last 5 years, Houses in The Gap have seen a 71.77% increase in median value, while Units have seen a 131.07% increase. As at 30 April 2026:

  • The median value for Houses in The Gap is $1,469,997 while the median value for Units is $1,231,568.
  • Houses have a median rent of $820 while Units have a median rent of $725.
There are currently 17 properties listed for sale, and 3 properties listed for rent in The gap on OnTheHouse. According to Cotality's data, 281 properties were sold in the past 12 months in The gap.

Suburb Insights for The Gap 4061

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.