306 Newnham RoadUpper Mount Gravatt QLD 4122
Property Details for 306 Newnham Rd, Upper Mount Gravatt
306 Newnham Rd, Upper Mount Gravatt is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1970. The property has a land size of 607m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (May 2021)
Let your imagination run wild with designs and decor as you plan out two perfect new homes to be developed on this prime site of 607sqm in Upper Mt Gravatt.
With the DA approval process already completed, it will take little time, effort and cost to get a new build project underway.
Highlights of this fantastic opportunity include:
- Easy rectangular shape with no easements
- Public side pathway on one side of the block provides good separation from neighbours
- Subdivision will provide two low maintenance blocks of 303sqm & 304sqm
- Neat and manageable to suit a narrow-style modern two-storey home
- Super convenient location with bus stops and local shops in walking distance
- Massive future rental prospects with strong tenant demand
- Brand new product is highly desirable and likely to attract a premium giving you high ROI
- Part of a booming pocket of Upper Mt Gravatt
- Minutes drive to motorways; Westfield shopping centre, recreational hubs & employment nodes - Inside Wishart primary catchment and Mansfield SHS, walk to St Catherine's primary - 20 minutes to Brisbane CBD; 15 minutes to Airport; 45 minutes to Gold Coast
This property come with a very rentable 3 bedroom home that is presented in great condition. This assures you of a handsome rental income while you get your building plans finalised and approved.
Solid brick and tile, this cute home is a great base for a small family or couples sharing. It includes a neatly fenced garden with front porch and secure side carport parking plus a huge backyard. Inside has a modern feel with spacious lounge room with timber laminate floors. A separate dining and kitchen facility that has air-conditioning and fans. The kitchen includes decent appliances with fitted timber & laminex cabinetry and high counter tops. Large laundry room, three bedrooms (two with robes) and a central bathroom that is neatly appointed and has an adjoining toilet.
This home has an expected weekly rent of $385 p.w and given the convenience to bus stops, local shops & services, the close proximity to large-scale amenity like Westfield Garden City and being in the Wishart Primary catchment, is a virtual guarantee of tenant demand, that's bound to escalate should one of the new homes become available to rent.
This is a sensational acquisition for an astute builder or independent party to secure. The potential to turn a profit is very high with the right approach and a savvy design to suit either the rental or first home buyer's market.
Take a closer look and attend the next open home or book a inspection time with me today.
Property History for 306 Newnham Rd, Upper Mount Gravatt, QLD 4122
- 12 May 2021Listed for Sale By Negotiation
- 21 Apr 2021Sold for $646,000
- 01 Feb 2021Listed for Sale FOR SALE
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 5,568 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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