A substantial block, exciting potential and a location where you can leave the car at home.

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33 Olive Street, Nundah QLD 4012

Sale By Negotiation

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$1.5M - $1.6M Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 2 Cars 718 m²

Listed: 2 days ago

Updated: 15 hours ago

Overview

Set on a substantial and rare 718sqm allotment in one of Nundah's prized streets, this property offers significant opportunity for renovators, builders, and investors. The existing home, standing with classic character features, showcases lofty three-metre ceilings, VJ walls, and attractive original flooring which provide a sound framework for creative restoration or modernisation. The residence includes three bedrooms and a single bathroom alongside practical upgrades such as recent electrical rewiring and a modern hot water system, as well as the comfort of air conditioning in the lounge.

The built-in multipurpose storage area underneath the home enhances the property's functional flexibility, presenting additional space for a variety of uses. Prospective buyers with a vision can consider renovating the current home, rebuilding anew, or potentially subdividing the site subject to council approvals, highlighting the block's exciting development potential.

Location-wise, the property is well positioned within walking distance to natural recreational spaces like Kalinga Park and the Kedron Brook Bikeway, ideal for outdoor enthusiasts. It also benefits from proximity to Nundah Village, local schools, cafes, and everyday conveniences, with the ongoing Toombul Shopping Centre renewal project adding momentum to the area's appeal. Accessibility is further enhanced by a short drive to Brisbane Domestic Airport and easy access to major transport routes.

Generous 718sqm land parcel in a sought-after locale
Character home with strong renovation potential
Original features that provide a solid foundation for updates
Recent practical system upgrades for peace of mind
Under-house multipurpose storage enhancing usability
Potential for subdivision or redevelopment (subject to approval)
High convenience with nearby parks, amenities, and transport links

This property represents a compelling chance to secure a sizable landholding in an increasingly tightly held pocket of Nundah, suitable for a diverse range of buyers from families to investors seeking future growth possibilities. It invites inspection and imagination to realise the full extent of its potential.

Local Market Insights

In Nundah, Quiet Listings observed 26 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $2,011,571. The property type mix of listed properties is predominantly Houses at 43%, followed by apartments (20%), and units (18%). The most active agency for houses in the Nundah area is currently Ray White, representing 31% of new listings, followed by Place with 27%. 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.