967 Waterworks Road, The Gap, QLD 4061 | Property Value & History | OnTheHouse
OFF MARKET

967 Waterworks Road
The Gap QLD 4061

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 102m2
Land area: 653m2
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Property Details for 967 Waterworks Rd, The Gap

967 Waterworks Rd, The Gap is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1973. The property has a land size of 653m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
House
Year Built
1973
Floor Size
102m2
Land Size
653m2
Local Government
Brisbane
Lot/Plan
2/SP127642

Last Listing description (September 2024)

Exceptional location and potential can be found here! Let us tell you a bit more about what this means and the possibilities to secure a block like this in the heart of The Gap.

The Gap is Brisbane's only suburb within 10km that is land-locked by nature. Furthermore, the possibility of more land becoming easily available within the commercial precinct is highly unlikely, especially with a location such as this. It is undisputed that families are now investing in areas where they can minimise travel, and maximise their lifestyles. This is one of those locations that will rarely come up to purchase again.


Brisbane City Council assess the viability of allocated areas to be redeveloped, and with application, these areas provide scope to add future value to those who wish to extend business opportunities and create future housing.

The location is zoned as LMR3 - what does this mean? It stands for Low-Medium Density Residential, up to 3 stories high. It allows future possibility for the intended development of housing. IN ADDITION, it also means the intention for future short-term accommodation, retirement living, and home based businesses (STCA*).

We are thrilled to present this exceptional opportunity for those eager to explore both residential and commercial prospects. With a generous 653m2 allotment, the groundwork is laid for purchasers to unleash their imagination and reimagine the property according to their preferences, be it for residential purposes, commercial ventures (STCA*), or a fusion of the two.

Situated less than 7.5km from Brisbane City, this amazing opportunity is a stone's throw from the best amenities the suburb has to offer including fantastic schools, sprawling parks, sporting clubs, major supermarket retailers, medical suites, trendy cafes and gin bar.

Featuring two bedrooms (plus a sunroom), ripe for renovation and redesign (STCA*) to accommodate commercial and/or residential endeavours alike. From minor cosmetic upgrades to extensive transformations and redevelopment, the possibilities for rejuvenation are endless with the allotment zoned for LMR3. 967 Waterworks Road is one of only 6 residential lots contained within The Gap Village Precinct boundary, an area which aims to provide for the commercial, retail and entertainment needs of residents and visitors of the suburb.

This property seamlessly blends the charm of suburban living with the convenience of urban accessibility, presenting an attractive option for individuals seeking a commercial space enriched with residential allure.

QUICK FEATURES
* Located within The Gap 'Village Precinct' and zoned for LMR3 (low-medium density residential up to 3 storeys).
* 653sqm allotment with secure parking and additional garden shed.
*Split system air-conditioning to living area and main bedroom installed in 2023
* Walk to shops, parks, schools, fantastic public transport with express buses travelling direct to Brisbane CBD in under 25 minutes.
* Solid post-war home with timber floorboards, generous eat-in kitchen, internal laundry and two bedrooms as well as additional sun room.

Don't miss the chance to leave your mark on this highly sought after precinct in a prominent locale. Get in touch with a member of Team Loyle today to view this amazing property.

*Subject To Council Approval and any other requirements


DISCLAIMER: The Property Occupations Act 2014 states a price guide cannot be provided for non-priced sales. The website has filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide. In preparing this information, we have used our best endeavours to ensure that the information contained therein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. All information contained by Loyle is provided as a convenience to clients.

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Loyle acknowledges the traditional custodians of the land on which we deliver our services. We pay respects to elders past, present and emerging, and recognise their cultural heritage, beliefs and relationship with the land.

Property History for 967 Waterworks Rd, The Gap, QLD 4061

A timeline of how this property has performed in the market
Last Sold
$950,000
12 Jul 2024
  • 12 Jul 2024
    Sold for $950,000
  • 01 Jun 2024
    Listed for Sale Not Disclosed
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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 6,801 properties. Over the last 5 years, Houses in The Gap have seen a 88.73% increase in median value, while Units have seen a 116.61% increase. As at 31 January 2026:

  • The median value for Houses in The Gap is $1,445,309 while the median value for Units is $1,112,896.
  • Houses have a median rent of $800 while Units have a median rent of $700.
There are currently 8 properties listed for sale, and 5 properties listed for rent in The gap on OnTheHouse. According to Cotality's data, 282 properties were sold in the past 12 months in The gap.

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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.