33 Queensway Street, Upper Mount Gravatt QLD 4122
33 Queensway Street, Upper Mount Gravatt QLD 4122
Large 718m² block | 20.1m frontage | Post-war character | School catchment draw | Reno or rebuild scope
The defining strength here is the land. A 718m² block with a 20.1m frontage is uncommon in Upper Mount Gravatt, and it gives this property genuine flexibility that most nearby houses simply do not offer. You could renovate the existing post-war home, extend it substantially, or clear the site and rebuild entirely. That flexibility, combined with the Mansfield State High and Wishart State catchment, makes this a rare proposition for a family buyer who wants both a strong school zone and the freedom to shape the property over time. The double lock-up shed adds practical utility, and the vacant possession means no delays or negotiation over tenants. This suits a buyer with a clear vision and a willingness to invest sweat equity or capital into the structure, while the land itself carries most of the long-term value.
The post-war house is the main variable. Its condition, internal layout, and finish level are not disclosed, so the purchase is effectively for the site and the catchment, with the dwelling as a secondary consideration. The property may require significant renovation to reach modern standards, and the lack of confirmed details on aspect, slope, or overlays means you should verify these before forming a final view. The auction process without a guide suggests the seller expects competitive interest, and the large frontage could attract developers or builders as well as families, which might push the final price above what a conventional 3-bedroom house on a smaller block would achieve. Weigh the cost of bringing the house to your standard against the land’s redevelopment potential when setting your ceiling.
|| Comparable Sales: 33 Azanian Street, 3-bed, 2-bath on 607m², sold $1.186M; 148 Mount Gravatt Capalaba Road, 5-bed, 3-bath on 665m², sold $1.25M | Property Price Band: $1.1M–$1.2M | Value Drivers: Land size and frontage, catchment desirability, redevelopment potential, and condition of the existing dwelling.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 Queensway Street, Upper Mount Gravatt QLD 4122
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Upper Mount Gravatt is a dynamic, well-located suburb attracting a young professional demographic, which is driving strong demand for both ownership and rental. The market exhibits robust performance, with unit values experiencing particularly significant growth and houses appreciating steadily. Properties are transacting quickly, supported by ongoing local development and infrastructure. Future growth is underpinned by its strategic appeal, though a slower sales pace for houses compared to the state average indicates a potential constraint in that segment.
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PropCred Estimated Value
Comparable Sales: 33 Azanian Street, 3-bed, 2-bath on 607m², sold $1.186M; 148 Mount Gravatt Capalaba Road, 5-bed, 3-bath on 665m², sold $1.25M | Property Price Band: $1.1M–$1.2M | Value Drivers: Land size and frontage, catchment desirability, redevelopment potential, and condition of the existing dwelling.
Bedrooms
3
Bathroom
1
Parking
2
Land
718m²
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