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Overview
This property presents a distinctive renovation opportunity in Mount Lofty's sought-after location, appealing to those eager to create a personalised home or secure a valuable investment in a premium area.
Set on a 496 sqm elevated block, the home features two original-condition bedrooms and a versatile layout that includes two living areas, a front sunroom, and a sleepout or office space at the rear. The existing design offers excellent potential for expansion; possible renovations include creating a third bedroom by relocating the kitchen, and adding a double storey extension to capitalize on city views, all while maintaining room for additional amenities such as a shed and pool.
The house showcases elegant VJ walls, polished timber floors throughout, and lofty 11-foot ceilings, enhancing its traditional charm and airy ambiance. Recent updates include roof and gutter replacements, and restumping, providing a solid foundation for refurbishment.
Its strategic location offers convenience and lifestyle benefits, being surrounded by Toowoomba's top private schools including Grammar, Fairholme, TAS, and Downlands, as well as State High and East State Primary School catchments. Outdoor recreational spaces, local cafes, and the popular Cobb & Co markets, held every Saturday, are all within walking distance.
- 2 bedrooms with opportunity for a 3rd
- Original condition with recent structural maintenance
- Polished timber floors and charming internal features
- Recently updated roof and gutters
- Elevated 496 sqm block in a prime neighbourhood
- Proximity to prestigious education institutions and community amenities
This property is ideal for first-home buyers, families wishing to extend, or investors seeking to add value in a high-demand area. It offers a blend of classic character and versatile renovation scope, in a location commanding median house prices exceeding $1.1 million.
Local Market Insights
In Mount Lofty, Quiet Listings observed 173 new houses entering the market over the last 30 days, up from 155 during the previous 30-day period, with an average advertised asking price of $932,542. The property type mix of listed properties is predominantly Houses at 74%, followed by units (11%), and land (5%). The most active agency for houses in the Mount Lofty area is currently Remax, representing 18% of new listings, followed by Ray White with 15%. 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.
Location
Market Insights for Mount Lofty QLD 4350
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