Real Estate

Burbank property sells for $1.7m

Written by The ReReport
As seen in the Source link, written by on 2019-03-21 08:06:56

A stately property in one of Brisbane’s most tightly held suburbs has sold for a cool $1.7 million.

Only 11 properties changed hands in Burbank, 21km south of Brisbane’s CBD, in 2018, according to CoreLogic data.

Over that same period of time, the median house sale price in the suburb rose 23.5 per cent to $1.21 million.

Grace & Keenan agent Cobey Parnell said about 30 groups were taken through the property at 1328 Mount Cotton Rd over the campaign period, all via private inspections to give potential buyers time to properly explore the 2.04ha block.

“It was an amazing property and the most manicured estate I’d seen in a while,” Mr Parnell said.

The agent said they had inquiries from all locations — including overseas, but the property sold to interstate buyers.

“I believe they are a family who are going to live in the property,” he said. “They were attracted to the land holding for a start, as well as the true dual-living aspect of the home.”

Mr Parnell said the property had the potential to run off-grid, with solar panels and tank water available.