Large blocks are proving to be a drawcard for Brisbane investors

first_img34 Olivia St, NorthgateShe said the market for good-size property in the northern suburbs was running hot.“The large-block market on the north side is going crazy. I’ve sold a couple of large blocks lately … and there’s people all over them. ‘‘Obviously developers to do splits but also families looking for a bit more space than what a 405sq m offers.”The buyers are locals looking to upgrade to a large site with a classic home. More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 201934 Olivia St, Northgate.The home’s appeal extends through to its period elements.High ceilings, VJ timber walls, polished timber floors and rambling verandas all feature.“The whole feel from the veranda is probably my favourite part, because when you’re on the veranda, the breezes are really beautiful and you’re overlooking the parkland which is really nice,” Ms Gregory-Hunt said.Another attraction is the property’s position with Nundah Village cafes and the train station just 300m from the front door. 34 Olivia St, Northgate.The home at 34 Olivia St, Northgate, is a classic, but it was the 810sq m block which proved to be the clincher in achieving a $777,000 auction sale on May 13.Shontelle Gregory-Hunt, marketing agent from Ray White Wilston, said the block had redevelopment potential, but the home’s age and position presented difficulties for developers.In the end, a young couple were the winning bidders.“They love it,” Ms Gregory-Hunt said. ‘‘They’re making minor changes but basically keeping it as it is.’’last_img

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