Bargain city houses sold for $350k

first_imgA lot of room to move in this old kitchen.The house was walking distance to the popular Brisbane markets and was currently rented out at $315 a week.The owner had wanted $360,000 for the property but accepted $30,000 to land the sale. FOLLOW SOPHIE FOSTER ON FACEBOOK Potential plus in the Acacia Ridge property.The property, which sits on a large 794 sqm block, was bought for $21,000 in August 1980 according to property records, selling for over 1600 per cent more this week. The land alone was valued at $230,000 last year in a suburb where the median price was currently $410,000. MARGOT ROBBIE’S SECRET WEDDING ESTATE FOR SALE NRL TITANS OWNERS MADE MILLIONS SELLING NSW PROPERTY BRISBANE HOME SET FOR TV FAME That gives the new owners about $60,000 to play with on renovations before even hitting the midway mark in the suburb, or they could choose to tear down the post war house and start fresh at that price. The market was hot with the median time taken to sell a house in Acacia Ridge now at 28 days. 66 Sherwood Road, Rocklea, sold on Monday for $330,000. The value of the land last year was $250,000 according to CoreLogic.House prices in the area jumped 41.6 per cent in the past five years, figures found, with houses taking 27 days to sell just 9km from the CBD.The property was listed as needing work “but it has good bones ready for you to take the opportunity and renovate this tired three bedroom house into your home”. Add $5000 for a new bathroom?More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoYet another three bedroom buyer this week did even better, buying a house at 66 Sherwood Road, Rocklea, for $330,000 on Monday.The property was on a 703 sqm block and also post-war, built in 1960. GET THE COURIER-MAIL’S REAL ESTATE NEWS FREE & DIRECT TO INBOX center_img 27 Flaxton Street, Acacia Ridge, sold on Tuesday for $350,000.CRACK out the avocado, with homes this cheap, you can probably afford it, with two Brisbane houses having sold for $350,000 this week.Brisbane is still kicking affordability goals in certain pockets in the city’s inner and middle ring, with a three-bedroom house at 27 Flaxton Street, Acacia Ridge, selling for $350,000 on Tuesday. A renovator could do wonders with this bathroom.last_img