597 sqm Medium Density Property in a Convenient Upper Mount Gravatt Location

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139 Mount Gravatt Capalaba Road, Upper Mount Gravatt QLD 4122

For Sale

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$1.1M - $1.21M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 1 Car 597 m²

Listed: 50 days ago

Updated: 14 days ago

Overview

This rare offering in Upper Mount Gravatt presents the combined sale of two adjoining Medium Density zoned parcels, each hosting a well-maintained post-war three-bedroom home set on individual 597sqm blocks. Together, they provide an expansive 1,194sqm landholding representing exceptional development potential, subject to council approval, appealing to investors, developers, and land bankers.

The properties deliver immediate rental or holding income opportunities while the owner explores future uses. Both homes feature spacious open-plan living and dining areas paired with practical eat-in kitchens and bathrooms, complemented by separate toilets and ground-level tiled rumpus rooms that enhance usability and flexible living.

Secure single lock-up garages with internal access add convenience and security, enhancing the appeal for tenants or homeowners alike.

Located in a sought-after pocket, the site offers close access to city express bus routes, major motorways including the Pacific and Gateway, and is within minutes of key amenities such as Westfield Garden City shopping centre, Coles Village, local sports facilities, a variety of state and private schools, and a vibrant selection of restaurants, cafes, and retail outlets.

This offering is particularly suitable for those seeking a substantial landholding in Brisbane's established suburbs with the foresight for future development whilst enjoying stable holding returns in a location known for its accessibility and amenities.

Combined 1,194sqm medium density zoned land
Two adjoining 597sqm blocks offered together
Two well-maintained post-war three-bedroom homes
Flexible living spaces with rumpus rooms and garages
Excellent access to transport, shopping, education, and recreation
Ideal for investors, developers, or land banking pursuits

Interested parties should carefully consider this unique opportunity and undertake their due diligence to assess development potential and investment merits.

Local Market Insights

In Upper Mount Gravatt, Quiet Listings observed 34 new houses entering the market over the last 30 days, up from 30 during the previous 30-day period, with an average advertised asking price of $1,383,647. The property type mix of listed properties is predominantly Houses at 59%, followed by apartments (13%), and townhouses (8%). The most active agency for houses in the Upper Mount Gravatt area is currently Ray White, representing 41% of new listings, followed by LJ Hooker with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.