40 Settlement Rd

The Gap QLD 4061

120 m²

635 m²

House

Last sold for $1,230,000

Taryn Phillips, last sold this property on 07 May 2026 after 63 days on market.

Overview

Great layout, big block and a fantastic investment opportunity

Positioned on an expansive 635m² block directly across the road from The Gap State School, this practical lowset home offers flexible living, everyday convenience and strong appeal for investors or buyers seeking a well-located property in a highly desirable pocket of The Gap. Designed with functionality in mind, the home features four bedrooms plus a separate study or fifth bedroom, providing versatility for a home office, additional bedroom or multipurpose space. The updated kitchen offers generous cupboard and bench space, while the main bathroom includes both a separate shower and bathtub. Two toilets add further practicality for family living. At the front of the home, the lounge room showcases polished hardwood timber floors, a fireplace and reverse-cycle air-conditioning, creating a comfortable space to relax year-round. A separate light-filled dining area or sunroom provides additional living space and enhances the home's flexible layout. The level backyard is usable and easy to maintain, offering space for children and pets while also maximising the value of the generous block. The home's position directly opposite the school further strengthens its appeal for both owner-occupiers and tenants alike. Features include: • 5 bedrooms or 4 plus study • Updated kitchen with plenty of cupboard and bench space • Updated main bathroom with separate shower and bathtub • Ceiling fans in all bedrooms • Single garage with internal access • Fully fenced and practical backyard • Side access with room for additional cars, trailers or boat • Separate internal laundry • Garden shed • 635m² block Nearby Amenities: • The Gap State School - directly across the road • Bus stop (Waterworks Rd at Settlement Rd) - approx. 3 min walk (150 m) • Local shops and dining (Waterworks Rd) - approx. 5-7 min walk (500 m) • The Gap Village Shopping Centre - approx. 1.1 km (10-15 min walk / short drive) • St Peter Chanel Catholic Primary School - approx. 200-300 m (short stroll) • The Gap State High School - approx. 1 km (5-10 min drive) • Local parks and walking trails - from approx. 5 min drive • Enoggera Reservoir and surrounding walking tracks - approx. 10-15 min drive • Brisbane CBD - approx. 10-12 km (20-30 min drive) Offering space, functionality and a highly convenient location, this is a smart opportunity to secure a property in one of The Gap's most family-friendly areas. For further information or to arrange an inspection, contact Taryn today.

Features

5 bedrooms

1 bathroom

1 carspace

1 garage space

120 m² floor area

635 m² lot size

House

Estimated Value

Based on this property and similar 5 bedroom houses sold in The Gap over the last 12 months, the estimated median property value of 40 Settlement Rd is $1.73m.

Median value

$1.73m

Estimated value range

$1.23m - $5.25m

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in The Gap. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.