Prized Blue-Ribbon Location with Exceptional Potential

43 Olive Grove, Balmoral, 4171

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1,250,000 AUDEst. Mortgage: AUD 8,783/monthFor Sale
  • Ownership Type House
  • Property Area 642 sqft
  • Bedrooms 3
  • Bathrooms 2
  • Furnished No
  • Last Updated 3rd Aug, 2022

Amenities

Feature that provides comfort, convenience, or pleasure
  • Garage: 1
  • Ensuite: 1

Property Overview

Seize your chance to secure entry into one of Brisbane's finest blue-ribbon suburbs with this remarkable property opportunity. Located in a prestigious and leafy pocket central to vibrant Oxford St, public transport, and acclaimed schools, this 642sqm north facing Balmoral block is ripe with potential. Renovate, knock down and rebuild or add it to your thriving investment portfolio – the choice is all yours!<br/><br/>With demolition approval in place, this allotment provides the perfect blank canvas to create a sprawling 5 bedroom Palm Springs sanctuary (architectural plans available) that capitalises on the attractive green belt outlook and picturesque suburban views. Savvy investors can also pursue cosmetic upgrades to the property to reap an approx. rental return of $750 per week. Or, with the home completely comfortable as is, purchasers can live on site while deliberating which enticing avenue to take. Featuring 3 bedrooms and 1 bath home, it includes a vast open plan living/dining zone, functional kitchen, and a spacious alfresco area overlooking a pool. <br/><br/>Situated in a sought-after enclave, take advantage of the proximity to riverside parks and cafes as well as the bustling atmosphere of Bulimba's Oxford Street. An urban village enriched with an eclectic array of boutiques, bars, cafes and businesses, it's always buzzing and ready to offer fun. Public transport is plentiful, as is the choice of acclaimed schools, and you can access the CBD with ease. This is your time to dream big and shine amongst prized estates and a perfect location. Don't delay – arrange your inspection today.<br/> <br/>Property Specifications:<br/>- Prime 642sqm north facing block, positioned in a prestigious, leafy pocket<br/>- Sought-after location near Oxford St – a vibrant urban village of cafes, shops, well-being and more <br/>- Renovate, knock down and rebuild or add to your investment portfolio – the choice is all yours<br/>- Capitalise on the attractive green belt outlook and picturesque suburban views<br/>- Demolition approved, with architectural plans in place for a sprawling 5 bed Palm Springs style home<br/>- Rejuvenate the home with a cosmetic refresh and reap in a rental return of approx. $750 per week<br/>- 3 bed, 1 bath home onsite is comfortable as is - live in while you explore your options<br/>- Current home includes a functional kitchen, open plan living and dining zone with cosy fireplace plus alfresco area with pool<br/>- 600m from Bulimba State School plus central to Lourdes Hill College, Loreto College and Villanova<br/>- Close to public transport, riverside parks and easy access to the CBD

Location on Google Map

43 Olive Grove, Balmoral, 4171

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