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Easter windfall: Brisbane couple sells home for 30pc more than they paid just over a year ago

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Easter windfall: Brisbane couple sells home for 30pc more than they paid just over a year ago

This property at 463 Bowen Tce, New Farm, has sold for $3 million.Source:Supplied

A BRISBANE couple has sold their New Farm property for an incredible 30 per cent more than they paid at the end of 2016.

ONE Brisbane couple has landed the ultimate Easter windfall, selling their historic New Farm property for an incredible 30 per cent more than they paid for it just 16 months ago.

The vast, two-level Queenslander at 463 Bowen Terrace has sold to a local family for $3 million, after they made the vendors an offer they couldn’t refuse.

The property, on a rare 911 sqm, last sold for $2.3 million in November 2016, according to property records.

Easter windfall: Brisbane couple sells home for 30pc more than they paid just over a year ago
Inside the property at 463 Bowen Tce, New Farm, which has sold for $3m.Source:Supplied

Brett Greensill and Andrea Crossan of LJ Hooker New Farm sealed the deal, which went unconditional the day before the Easter break.

Mr Greensill said the buyers had been looking for a family home in the area for “a very long time” when he decided to approach the former owners of 463 Bowen Terrace.

Easter windfall: Brisbane couple sells home for 30pc more than they paid just over a year ago

This colonial home at 463 Bowen Tce, New Farm, has sold.Source:Supplied

“They bought it on a whim on the basis of returning it to a single dwelling but that never happened, so we found someone else and we approached them,” Mr Greensill said.

He said the sale price reflected “phenomenal” capital growth.

Easter windfall: Brisbane couple sells home for 30pc more than they paid just over a year ago

One of the bedrooms in the home at 463 Bowen Tce, New Farm.Source:Supplied

The century-old house comprises eight individual apartments and has been tenanted for many years, but the new owners plan to turn it into their dream family home.

“There are so few of these houses on that size block of land because, unfortunately, so many have been cut up and subdivided, which is what makes this a land acquisition as much as house acquisition,” Mr Greensill said.

 Easter windfall: Brisbane couple sells home for 30pc more than they paid just over a year ago

Pressed metal ceilings adorn this home at 463 Bowen Tce, New Farm.Source:Supplied

From the outside, the home has a grand facade with a gable roof and bay windows, while inside, the house is adorned with period features such as ornate pressed metal ceilings, rich timber flooring, french doors and pendant lighting.

Perched on a corner block, the property is within walking distance of New Farm’s cafes and restaurants, the Brisbane River and CityCat terminals.

Source: www.news.com.au

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Market Place

Brisbane’s real estate is leading the nation

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Brisbane's real estate is leading the nation

According to CoreLogic property analysts, Brisbane is leading mainland Australia in all four property performance indicators for the first time in more than a decade. But what does the record increase in home values mean if you’re looking to buy or sell the place you call home? Kieran Clair is the Director of Bricks and Mortar Media, and a regular guest on ABC Radio Brisbane on a Saturday morning. He is chatting with Loretta Ryan.

Source: www.abc.net.au

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Buying a blank canvas for your dream home: 5 big land blocks for under $540k

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Buying a blank canvas for your dream home: 5 big land blocks for under $540k
It’s becoming harder to find big blocks of land in Brisbane’s suburbs. Photo: iStock
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Buyer interest in next-gen suburb

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Buyer interest in next-gen suburb

Each double-storey home features a mix of three-bedroom and three-bedroom-plus-study designs, complete with multi-purpose room, two bathrooms, guest powder room and generous-sized living areas.

EVERTON Hills is earmarked as a ‘next-generation’ suburb, according to developer Sunland Group.
Sunland Group managing director Sahba Abedian said local government designated Everton Hills as a next generation suburb due to its proximity to existing and future retail centres, employment, and community facilities.

Buyer interest in next-gen suburb
The kitchens will feature reconstituted stone benchtops, high-gloss cabinetry, and quality appliances, and flow seamlessly to the indoor living areas

“The arrival of Park Lane later this year, as well as the planned redevelopment of the Woolworths site in Everton Park and North-West Private Hospital, are delivering considerable amenity to The Hills District,” Mr Abedian said.

“Everton Hills also adjoins the 630ha Bunyaville State Forest, renowned for its expansive nature trails and recreation spaces.

“Grovely Train Station is an easy four-minute drive away, with direct services to the Brisbane CBD.”

Located at the centre of this wave of new infrastructure is Sunland Group’s The Hills Residences, which had already seen 50 per cent of residences sold since its April launch.

Mr Abedian said the early sales success of The Hills Residences demonstrated the inherent value of sophisticated architectural design and established amenity.

Buyer interest in next-gen suburb
Bathrooms will feature large porcelain tiles, custom-made vanities, reconstituted stone benchtops, and premium fittings.

“These homes represent the latest evolution of Sunland’s award-winning designs, featuring striking framed facades and expansive landscaping,” he said.

“Each double-storey home features a mix of three-bedroom and three-bedroom-plus-study designs, complete with multi-purpose room, two bathrooms, guest powder room and generous living areas.

“A selection of homes enjoy aspects overlooking the central park and the adjoining nature reserve.”

Mr Abedian said the kitchens would feature reconstituted stone benchtops, high-gloss cabinetry, and quality appliances, and flow seamlessly to the indoor living areas.

While bathrooms would feature large porcelain tiles, custom-made vanities, reconstituted stone benchtops, and premium fittings.

Buyer interest in next-gen suburb
The early sales success of The Hills Residences demonstrated the inherent value of sophisticated architectural design and established amenity.

“One-third of The Hills Residences is dedicated to open space, with a large central park and 3,500sq m of preserved bushland located a short stroll from every home,” he said.

“Early construction works have commenced on site, with the display home on track to be delivered in early 2019.”

Buyer interest in next-gen suburb
One-third of The Hills Residences is dedicated to open space, with a large central park and 3,500sq m of preserved bushland located a short stroll from every home.

Source: www.news-mail.com.au

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