523 Newnham Road, Upper Mount Gravatt, QLD 4122

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)

- Existing brick lowset would make a fabulous first home for a young family or a great investment for a smart investor

- 3 good size bedrooms, large living areas, kitchen & bathroom, laundry and lock up garage

- Zoned for Wishart State School/MacGregor State High (3- & 5-min drive respectively)

- Bus stop up the road to Westfield Mt Gravatt exchange, or drive there in 3 minutes

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