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Address

3 Gibbon Street, East Ipswich, QLD 4305

Investment Strategy

Renovator

Development Timeline

30/08/2023
Property Purchased
$360,000
13/04/2024
Property Sold
$875,000
See what it looks like today

Rental Insights

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Source: stashproperty.com.au

Development Stats

2024

Year of Development

220

days held

515

Gross Profit

About the Property

3 Gibbon Street, EAST IPSWICH
Heritage Elegance, Modern Convenience: Stunning Queenslander on Quarter Acre Block – Commuter’s Dream
In one of the most coveted pockets of our bustling city lies an unassuming gem, where historic charm and contemporary comfort coalesce harmoniously in one glorious package.

Standing proudly on a generous 1,012m2 block with plenty of room for a pool, this fully renovated character home beckons with a generous back deck that invites lively gatherings, set against the verdant backdrop of established trees, offering shade and privacy.

While inside, the spirit of the past weaves through each room, reflected in the warmth of the polished pine floorboards underfoot, the nostalgic glow of sunlight through original coloured glass windows, the high ceilings and the intricate timber fretwork, invoking a sense of timeless grandeur.

And for those who yearn for the pulse of Brisbane city, you are a stone’s throw from the train station, offering unparalleled convenience for the modern commuter. Leave the chaos of traffic and parking behind so your daily commute will be a seamless and stress-free experience.

SUMMARY:
• 3 bedrooms with fans & built-in mirrored floor to ceiling robes – Master with A/C, WIR and ensuite + 2nd bedroom supersized + 3rd bed with study nook.
• Grand, custom kitchen features modern amenities with a hint of heritage charm; an island bench and breakfast bar crowned in luxurious Caesarstone, banks of soft-close pot drawers, pantry, stainless steel-appliances, overhead cupboards, dishwasher & heritage tile splashback
• Generous back deck with insulation, fan, privacy screening and stacking sliding glass doors for easy access – elevated and private view over established, leafy backyard with room for a pool
• Open plan living/dining/kitchen serviced by split system air-conditioning + blinds throughout the home
• Beautiful original features of this circa 1917 Asymmetric Bungalow also include coloured glass windows and front door, timber fretwork, high ceilings, French doors, satin-finish 6inch pine polished pine floorboards, VJs, ornate window hoods and a quintessential front verandah
• Luxurious, resort-style bathrooms; both main bathroom & ensuite boast oversized shower recesses, shower nooks and shaker style cabinetry. Stone benchtops feature in bathrooms + spacious internal laundry
• 4 car secured off-street parking including 2 car accommodation under house + heaps of additional cemented storage/workshop area under house + downstairs toilet + tall white picket fence for security
• Large, fully fenced 1,012m2 block zoned CHMD (character housing mixed density) with granny flat potential (stca)
• COMMUTERS DREAM LOCATION: Train station is a mere 50m from your doorstep. 350m to barefoot bowls at the United Sports Club/Pub, 650m to East Ipswich Public School, 850m to Ipswich Girls Grammar & Queens Park, 3 mins to Booval Fair & Coles Silkstone Village, 5 mins to Ipswich Hospital & CBD

In every corner, the timeless elegance of this heritage home is celebrated, while embracing the comforts and conveniences of today. Call us today to book your private inspection.

Features
Study
Split System AC
Air Conditioning
Reverse Cycle Air Conditioning
Balcony
Deck
Outdoor Entertaining
Fully Fenced
Built-In-Robes
Dishwasher
Secure Parking
From the realestate.com.au listing

Source: stashproperty.com.au

About the Suburb

East Ipswich, QLD 4305 is a growing suburb with a relatively young population, with a significant number of residents falling in the age range of 20 to 44 years. The suburb has a diverse mix of occupations, with professionals, technicians/tradeworkers, and community/personal service workers being the top three. The majority of residents commute to work via motor vehicles, while a notable portion also works from home. The suburb offers a mix of commuting options, including trains and buses. The suburb has a median household income slightly above the national average, with many residents owning their homes. East Ipswich also has a high ICSEA value, indicating a good educational advantage for students attending government schools.

East Ipswich presents promising investment opportunities for both homeowners and property developers. The suburb has a healthy rental market, with a low vacancy rate and a high demand for renting out rooms, making it attractive for investors seeking rental yields. The median growth rate is above average, indicating potential for capital growth. With a high market absorption rate and strong online search interest, the suburb is likely to experience continued demand in the property market. The IQR ratio for house sale prices suggests opportunities for renovators, while the discount median for units may appeal to bargain hunters.

East Ipswich, QLD 4305 is a vibrant suburb with a young population, diverse occupations, and convenient commuting options. It offers a mix of rental and homeownership opportunities, with potential for capital growth and rental yields. Homeowners looking to settle in a suburb with good educational facilities and ample amenities will find East Ipswich an attractive option. Investors and property developers can benefit from the suburb’s strong market demand, especially for rental properties.

Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022

Suburb Median
Vacancy Rate
Sales Volume

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