PHOTO: The hottest house in Brisbane right now is an 80s three bedder in Everton Park. REALESTATE.COM.AU
A modest three-bedroom house, constructed in 1985, has surpassed multimillion-dollar mansions to claim the title of the most coveted property currently on the market in Brisbane.
Situated just under 12km from the Brisbane CBD, the property at 11 Braidwood Street, Everton Park, is scheduled for auction at 9 am this Sunday. PropTrack data indicates that it is presently the most viewed property listing in the Queensland capital.
During open house visits, the residence has already attracted over 70 interested parties. Property records indicate its construction year as 1985. Real estate agent Taylor McBride of Harcourts Solutions noted the property’s potential for expansion or redevelopment, subject to council approval, emphasizing its prime location in the flourishing Everton Park area.
11 Braidwood Street, Everton Park, has had over 70 parties through already during the open home visits.
Property records show the home as having been built in 1985.
The 617sq m property, located in a popular suburb for young couples and families seeking a family-friendly environment close to the CBD, has a shaded patio area with significant potential. McBride highlighted the property’s appeal to a diverse range of buyers, including first-time homeowners, investors, downsizers, and renovators.
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The home, ready for immediate occupancy, has commanded a rent of $570 per week this year, with a gross rental yield of 5.6 percent. McBride acknowledged the scarcity of supply in Everton Park and emphasized the property’s well-maintained condition despite its age. The listing on realestate.com.au describes Everton Park as a haven offering residents a peaceful retreat from city life while remaining conveniently close to essential amenities.
As the property goes to auction, expectations are high for substantial gains, considering its last sale in February 2019 for $528,763, a year before the onset of the pandemic. McBride expressed anticipation for a strong turnout at the auction, emphasizing the potential for the new owner to personalize and enhance the value of this charming cottage.
SOURCE: REALESTATE.COM.AU