23 Lumley StreetUpper Mount Gravatt QLD 4122
Property Details for 23 Lumley St, Upper Mount Gravatt
23 Lumley St, Upper Mount Gravatt is a 2 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 972m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (July 2022)
Sold by Warren Kapoor
Team Warren exclusively presents this this Golden opportunity for the astute developer or investor.
The owner's instructions are Clear - Get this property SOLD on or before Auction day!
This is your chance to secure this REAL ESTATE GOLD located on a corner block for your next investment or project, spread across 972m2 of level and clear block, zoned high density residential'.
INVESTORS -
Why invest your hard earned money in properties with no yield and low future development potential, when you can invest in this potential packed property in a golden location. It is surrounded by local amenities and schools. High Density Land in this area is like hen's teeth and you could see your investment grow substantially!
DEVELOPERS -
A potential unit development will offer uninterrupted views from many apartments. Rarely do you see land this size with development potential on the market in this superb location. Properties that are DA approved, and the Final unit stock sells quickly in this area.
FEATURES -
- Clear 972 sqm corner block, Zoned High density residential.
- NO Demolition Control.
- NO Flooding.
- 3 bed home to provide rental holding income.
- Build High rise Units subject to Council approval.
COPY AND PASTE THIS LINK for the following documents - https://vltre.co/KTwJcF
- Auction Contract and Title Search
- Comparative Market Analysis (CMA). CMA show properties recently Sold in the area with their individual development zonings noted next to them to provide comprehensive info to buyers for their research.
- BCC Property and Zoning Report.
- Urban Utilities Asset Mapping.
- BCC Flood Report for the Property.
COPY AND PASTE this link REGISTER TO BID in advance -
https://form.jotform.com/220948178563062
On Site Registrations from - 12.15pm onwards.
We recommend to register to bid in advance and come on Auction day as the owners are committed to sell on or prior to the Auction. We can take bids over the phone as well if you're interstate. Please contact us to discuss this.
RE OPEN HOMES - Please note there WILL BE NO OPEN HOMES scheduled for this property.
The Open Home times are noted to meet agent on site to discuss re the property or if ask any questions. No internal inspection will be provided.
LOCATION -
- Right in the heart of Upper Mount Gravatt area, walk to schools, social clubs & commercial businesses plus a short walk to Garden City. Thriving precinct with a record growth rate and a high rental demand and yield.
- The property is a few minutes' walk to the south-east's largest Westfield Garden City shopping centre and local shopping & multiple eateries & entertainment options (The Village Upper Mount Gravatt).
- Buses are right at your doorstep from Logan Rd, and TAFE, Hospitals and Universities are all a few minutes' drive away. Easy access to the Pacific Motorway both north and south, with Brisbane CBD being just 9kms minutes away. Minutes away from the Gateway motorway that provides fast access to the Brisbane Airport.
- Sunnybank's Chinatown and Asian community is only 5 minutes' drive away and is a hugely popular destination for dining and shopping.
ABOUT UPPER MT GRAVATT -
Upper Mt Gravatt caters for almost 60,000 businesses with plenty of education opportunities around. This attracts buyers ranging from investors, home buyers and first home buyers. There is also a great unit rental demand from students and professionals who want to be based in the area due to its central and highly convenient location.
Being a QLD Registered Architect, Warren and team can assist the buyers by pointing them in the right direction for preliminary Architectural, feasibility and planning advice.
This property WILL BE SOLD on or prior to Auction.
Please call or email the team if you need more info. This is an amazing buying opportunity not to be missed.
Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.
Property History for 23 Lumley St, Upper Mount Gravatt, QLD 4122
- 09 May 2022Listed for Rent - Price not available
- 30 Apr 2022Sold for $1,550,000
- 20 Apr 2022Listed for Sale Sold by Warren Kapoor
Recent sales nearby
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About Upper Mount Gravatt 4122
The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2016 was 9241 people. By 2021 the population was 10800 showing a population growth of 16.9% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation.In 2021, 51.40% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.20% in 2016.
Upper Mount Gravatt has 5,570 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 95.84% increase in median value, while Units have seen a 81.85% increase. As at 31 December 2025:
- The median value for Houses in Upper Mount Gravatt is $1,297,630 while the median value for Units is $728,304.
- Houses have a median rent of $680 while Units have a median rent of $670.
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