31 Jul 2018

Lot sizes may be shrinking but it is still possible to get an acre close to Brisbane City

LOT sizes may be shrinking but it is still possible to get an acre close to Brisbane City.

The average lot size in the southeast corner is now 416sq m, according to a recent report by property group, Oliver Hume.

The report also found that the average price for new land was approaching $600 per square metre.

But these three properties show that you can still get some serious space within easy reach of the Brisbane CBD.

Ray White Eight Mile Plains is currently selling a family home on a 4047sq m block at 146 Bleasby Road.

The house features six double bedrooms and three bathrooms over three levels. There are separate living and dining areas, a covered rear patio and barbecue area, an inground pool, manicured lawns and gardens, parking for six vehicle, a downstairs workshop and storage areas, and a rear shed.

Agent Diane Deem said the suburb was going gangbusters, with interest coming from local owner occupiers and developers.

Ms Deem said local buyers were eyeing the property with the view to renovating the house or knocking it down to build their dream home.

“The house is 40 years old and its surrounded by exclusive homes,” she said. The property is for sale by negotiation but Ms Deem said one acre properties in Eight Miles Plains were “$2 million-plus”.

At Fig Tree Pocket, just 12km from the CBD, a large home on almost two acres is being marketed by Cathy Lammie Property.

The 504 Fig Tree Pocket Road house comes with five bedrooms, two ensuites, two bathrooms and a three-car garage.

There is a parents retreat with ensuite, balcony and a walk-in robe, a modern kitchen, media room, office, sauna, a resort-style pool with spa, an entertainers deck, and a children's playground.

Ms Lammie said the family were moving to the coast, and there had already been significant interest in the property.

“Interest is coming from everywhere, interstate, overseas, even expats coming home,” she said.

Just 9km from the city, an architecturally-designed home on one acre is on the market at McDowall.

Situated at 51 Keona Rd, the six bedroom home is on the market for offers over $2 million and comes with a designer chefs kitchen, multiple living areas, a media room, an indoor water feature and garden, a fire feature, a gym, children's playground, a granny flat, a lap pool and a tropical pool and much more.

Place New Farm agent Simone Weigall said an acre was almost unheard of in the inner north.

“It was a block that was subdivided years ago and they built a house on it in 2006,” Ms Weigall said.

“The interest so far has come mostly from families.”

Originally published as Where to find acreage close to the city


SOURCE ; https://www.news.com.au/finance/real-estate/lot-sizes-may-be-shrinking-but-it-is-still-possible-to-get-an-acre-close-to-brisbane-city/news-story/01a3ac4f91355086fb7a7b06faad59a2

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