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169 Grovely Terrace, Mitchelton QLD 4053

Offers Over $1,199,000

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$1.2M - $1.26M Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 1 Car 658 m²

Listed: yesterday

Overview

This captivating property at 169 Grovely Terrace offers a unique blend of historical charm and promising potential. Situated on a substantial 658 square meter corner allotment with dual street frontage, it invites those with a passion for restoration and vision for development to make their mark in the heart of Mitchelton.

The residence is rich with original character, highlighted by exquisite timber interior detailing that speaks to the craftsmanship of an earlier era. Hidden beneath current flooring are pristine original timber floorboards, presenting a rare opportunity to reveal and embrace an authentic feature that enhances the home's period appeal.

Beyond its inviting interiors, the property's prominent corner location with access from Grovely Terrace and Kennion Street opens the door to redevelopment possibilities, including potential subdivision subject to council approval. This elevates the value proposition for investors or renovators eager to create a bespoke living environment or capitalize on land versatility.

Positioned just a few minutes from the vibrant Blackwood Street precinct, the location also enhances lifestyle convenience. Residents can enjoy a mix of delightful cafes, restaurants, boutique shops, and lively markets that foster a strong community vibe and a welcoming village atmosphere all year round.

Additional benefits include proximity to essential amenities such as Oxford Park Station, excellent educational institutions including Mitchelton State School and High School, and Brookside Shopping Centre. Outdoor enthusiasts will appreciate nearby parks and the Kedron Brook Bikeway, perfect for recreation and easy access to nature.

Ideal for character lovers and visionary buyers alike, this residence is a blank canvas for revitalization or redevelopment, promising enduring charm and future growth after its century-long market absence.

Generous 658sqm corner allotment with dual street access
Original timber craftsmanship and concealed timber floorboards
Significant renovation and restoration opportunities
Potential for subdivision, pending council approval
Close to public transport and major lifestyle amenities
Near reputable schools and popular shopping precincts
Easy access to parks and bike paths for outdoor enjoyment

Local Market Insights

In Mitchelton, Quiet Listings observed 48 new houses entering the market over the last 30 days, up from 37 during the previous 30-day period, with an average advertised asking price of $1,405,274. The property type mix of listed properties is predominantly Houses at 61%, followed by units (17%), and townhouses (17%). The most active agency for houses in the Mitchelton area is currently Harcourts, representing 27% of new listings, followed by Ray White with 23%. 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.