78 Lumley Street, Upper Mount Gravatt QLD 4122
78 Lumley Street, Upper Mount Gravatt QLD 4122
972mยฒ block in a tight suburb | 4-bedroom house with solar | sold as part of a 2-lot sale | strong long-term resident area with 67% clearance rate
The property’s core buying case rests on its 972mยฒ lot in Upper Mount Gravatt, a suburb where 69% of residents are long-term and auction clearance sits at 67%,indicating steady demand. The 4-bedroom house with solar panels and NBN Hybrid Fibre Coaxial connectivity offers immediate livability, but the real edge is the lot size and its positioning within a 2-lot block sale. For a buyer seeking land banking or future subdivision potential, this configuration provides rare scale in a built-up area, especially with no flood or heritage overlays and a bushfire overlay that is manageable given the 56m ground elevation. The property serves best an investor or developer willing to hold through the current forced-sale context.
The forced-sale notation is the primary risk, as it may signal urgency from the vendor but also creates a potential entry discount if the buyer can negotiate below the $2,000,000 midpoint valuation. The 22% building coverage leaves room for expansion or redevelopment, though the single bathroom is a constraint for family buyers and may require renovation. The school catchment is solid,Upper Mount Gravatt State School at 0.6 km and MacGregor State High at 1.7 km,supporting resale to families. Hold this property for medium-term land appreciation, or explore a dual-occupancy development given the lot size and council area.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 78 Lumley Street, Upper Mount Gravatt QLD 4122
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.