Current land value is $590,000 on 506 sqare metres. Land size is larger than many properties this close to the CBD (just over 2km). The property is zoned LMR2 (low to medium density residential), allowing for 2 or 3 storeys. Given the property's proximity to QUT and the RBH, it has strong development potential. More details about zoning can be found here and here.
The house was last rented directly to
friends of the owner at $480 per week (without using a rental agent; a further
7% commission). The property is above flood zones (including the 1974
and 2011 floods). It is also just beyond the parking restriction (traffic) zone
for Ballymore stadium. The ceilings are higher than average at approximately 2.7m.
There are also detailed plaster ceilings with polished floor boards and
period-style casement windows. The house has lovely natural light and
ventilation, with ceiling fans in the dining room and main bedroom. Ample
storage space is under the house, with the potential to raise the floor by a
small amount to build in under.
The following renovations have been done:
- floors sanded and sealed in 2004
- new roof in September 2004 with 15 year warranty
- externally painted in 2003 with touch-up in 2006
- new bathrooms in 2006.
- internally painted in 2006
- landscape drainage added to northern side of house in 2004
- kitchen renovated in 2006. Corian benchtop under warranty for 10 years from November 2006.
- new hot water unit in 2009 (under house)
- new kitchen filters (for exhaust fan) in 2012
- termite monitoring stations in place and regularly checked. Insurance is provided by Rentokil to replace structural timber if damage is ever found. Rentokil monitors the stations quarterly and provides an annual inspection.
- roof insulation was increased in 2009
- a 5000 litre rainwater tank was installed in 2009. This is plumbed to an external tap and to the laundry under house.
- washers changed on all shower taps and garden tap beneath house in July 2014
- possum proofing updated in October 2013.
The map below shows that the property is within walking distance to Kelvin Grove Urban Village (with restaurants, theatre and Saturday market etc.), Queensland University of Technology campus, Queensland Institute of Medical Research, Royal Brisbane and Women's Hospital, Northey Street Sunday markets, Kelvin Grove State School, and more.
Maps:
Plan (approximate dimensions):
Models (approximate):
