523 Newnham Rd, Upper Mount Gravatt is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1978. The property has a land size of 546m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
This modest 3-bedroom lowset is move-in or rent-ready just as it is, but savvy buyers will likely land bank this and explore the future development potential of such a high-profile site in a Medium Density Residential (MDR) zone (STCA).
Highlights:
- Substantial 546m2 block with MDR zoning for development up to 5 storeys (STCA)
If you're a first-time buyer looking for a place for yourself, this property is a strong contender given its proximity to quality local state schools, Westfield Mt Gravatt - for shopping, entertainment, restaurants and bus connections to get you further around Brisbane - and onto the Gateway Motorway.
The house is a good size for a small family, or group of friends if you're renting it out, with its bright and airy large lounge, separate meals area, a good-sized kitchen with lots of cabinetry, a nice bathroom, separate laundry and a lock up garage which can be used as a multi-purpose room or as a home office. Outside, there's little to manage that a run of the mower can't handle occasionally, with the house surrounded by fenced lawns.
Buyers running home businesses will also see the benefits of this location for exposure to potential new customers driving by, and the availability of plenty of off-street car parks.
Of course, the big dreamers will be looking into the scope that comes with MDR zoning and making their decisions accordingly!
Current tenants are moving out and owners are keen to sell, so skates on buyers - make your offers!
All information 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.
Sunnyvale Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 39 633 082 112 / 21 107 068 020
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 5,554 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 98.84% increase in median value, while Units have seen a 81.03% increase. As at 30 November 2025:
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