387 Newnham Road
Upper Mount Gravatt, QLD 4122

Set on a substantial, elevated 647 square meter block with a 15.9 meter street frontage and a depth of 40.5 meters, this post-war property presents significant potential for renovation, extension, or complete redevelopment to create a luxury residence that complements its prime location, subject to council approval.

The original dwelling remains largely untouched, showcasing a classic layout typical of its era. Notable features include hardwood flooring and a covered deck that overlooks a level backyard, ideal for gardening enthusiasts and providing a safe play area for children and pets.

This property offers excellent value and considerable opportunities for future capital growth. Investors can benefit from immediate solid rental returns, with the option for a low-cost refurbishment to enhance rental yield. Properties in this prestigious neighborhood are achieving sale prices exceeding one million dollars.

Located within the sought-after Mansfield State High School and Wishart Primary School catchments, the area offers families access to a variety of public and private educational institutions, including Griffith University, Clairvaux MacKillop College, Upper Mount Gravatt State School, and St. Catherine's Catholic Primary School.

The location provides exceptional convenience with lifestyle amenities nearby, such as the south-east's largest Westfield Garden City shopping center, Hibiscus Sports Complex and park, and the Mt Gravatt Outlook Reserve just blocks away. The reserve features barbecues, picnic areas, scenic views, bushwalking tracks, and shared-use trails for walking and cycling.

Public transport is readily accessible, with bus stops at the doorstep. TAFE and hospitals are only a short drive away. The property is approximately 9 kilometers from Brisbane's central business district, with easy access to the Pacific Motorway connecting the Gold and Sunshine Coasts. Additionally, the nearby suburb of Sunnybank offers a vibrant Asian community known for its dining and shopping options.

387 Newnham Road is zoned for low-rise development, presenting an attractive opportunity for discerning buyers and investors, whether local or interstate. This unpolished gem is a rare find in a prestigious location and is expected to attract strong interest.

Overall, this property combines a desirable location, solid land size, and versatile potential, making it an excellent prospect for renovation, redevelopment, or investment.