47 Pickworth Street

Upper Mount Gravatt QLD 4122

165 m²

597 m²

House

Currently for sale - view listing

Overview

Cash Flow + Capital Growth: Brick Home in Prime Location - Zoned for Future Apartments

ON-SITE AUCTION - Saturday 31th May 2025 @ 4:00 PM (Registration from 3:30 PM) MUST BE SOLD ON OR BEFORE AUCTION! Nestled in one of Brisbane's most sought-after neighborhoods, this distinguished double-brick home presents a rare convergence of timeless character and exciting potential. Built with enduring quality and hardwood timber framing, the residence offers both immediate livability and multiple pathways for value creation, making it equally appealing to families, investors, and developers alike. The intelligently designed floorplan currently features three generously proportioned bedrooms (two with spacious built-in robes), with effortless capacity to expand to five bedrooms - a transformation that could unlock $1,000+ in weekly rental income in today's thriving market. The lower level reveals versatile spaces perfect for conversion into a rumpus room, home bar, or creative studio, while the substantial laundry area presents an opportunity to add an additional bathroom. Recent updates including fresh staircase carpeting complement the home's sun-filled interiors, creating a move-in ready canvas awaiting your personal touch. The expansive backyard serves as a private oasis for family gatherings, while simultaneously offering development potential that savvy investors will immediately recognize. Positioned in the heart of Brisbane's growth corridor, the property enjoys unparalleled convenience. Westfield Garden City's vibrant retail and dining precinct sits just a 3-minute stroll away, with the transformative Tryon Plaza development equally accessible. The home's proximity (just 1km) to Nissan Arena and QSAC Stadium - anticipated venues for the 2032 Olympics - positions it perfectly to benefit from upcoming infrastructure investments and associated value growth. Families will appreciate the premier school catchment, with Upper Mount Gravatt State School and MacGregor State High School both within a comfortable 5-minute walk. Commuters enjoy easy access to the Garden City Transport Hub and a straightforward 13km journey to Brisbane CBD. For investors, the property offers multiple avenues for strong returns, whether through immediate rental income, strategic renovations, or future development. The medium density zoning opens doors to significant value-add opportunities, from granny flat additions to larger-scale residential projects. As Brisbane prepares for its Olympic moment, properties like this - offering both lifestyle appeal and growth potential - are becoming increasingly scarce. This is more than a home; it's a strategic asset in one of the city's most promising locations. MAIN FEATURES: -Solid double-brick construction with hardwood timber framing -Flexible 3-bedroom layout expandable to 5 bedrooms -$1,000+ weekly rental potential in current market -Versatile lower level perfect for conversion -Large 597mÃÂ² block with development-ready backyard -Medium Density Zoning for future development -3-minute walk to Westfield Garden City - 8-mintue drive to Griffith University Nathan Campus -1km from Olympic venues (Nissan Arena & QSAC Stadium) -Top school catchment: 5-min walk to Upper Mount Gravatt State School & MacGregor State High -Easy commute: 13km to CBD, steps from public transport -Fresh updates including new staircase carpeting This exceptional property won't last - contact Riconi Zen today to arrange your private inspection. Disclaimer: While every effort has been made to ensure the accuracy of these details, the vendor and agent make no guarantees. Interested parties are encouraged to conduct their own inspections and inquiries to verify all information.