House 4km from Brisbane CBD: $485K

first_imgGreat little DIY project for the handy ones in the family.A THREE bedroom house just 4km from the Brisbane CBD has fetched $485,000, one of the cheapest prices seen in any inner-city capital in months.The timber home was built in 1940 and sits on a 400 sqm block that’s close to schools and parks — and even has a bus stop right across the road.The agent declined to comment but the listing on described the property as “in need of some tender loving care”. Brisbane apartment slump over Checklist for buying at auction Entire town for less than one average house A couple of bi-fold doors here would take this to another level. The Brisbane City Council’s Floodwise Property Report has flagged that the property may be affected by a waterway corridor in the area through which flooding may occur.The Brisbane Creek runs behind the property.According to the report, the minimum habitable floor level for the property was 19.1 metres (above sea level), which was 2m below the maximum elevation on the property. But being so close to the city, the area has attracted strong interest over the years, and this home in particular has fetched rental of $360 a week in recent years though it has gone as high as $410 a week. More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThe Brisbane Creek runs behind the home. Another three bedroom house on a 430 sqm block next door sold for $472,500 in January 2014, while the other neighbour with a three bedder on a 586 sqm site sold for $600,000 in December 2015.A three bedder across the road on a 407 sqm site sold for $600,000 in June last year. FOLLOW SOPHIE FOSTER ON FACEBOOK Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 6:36Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -6:36 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenLiz Tilley’s prestige property wrap 06:36last_img read more