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HomeNewsSold in six days: Brisbane’s most affordable freestanding home

Sold in six days: Brisbane’s most affordable freestanding home

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13/49 Didcot Street, Kuraby, sold for $450,000 – the highest price fetched among similar freestanding townhouses in the complex.

Brisbane’s housing market is red hot with the city’s most affordable freestanding three bedder sold in just six days with over 50 groups after it – landing a 50pc price rise.

The three bedroom, two bathroom, one car space property is among the hottest types of properties being hunted for by both owner occupiers and investors – a freestanding townhouse just 16km from the Brisbane CBD, 700m from the train station and 1.8km from the nearest Aldi.

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The owner saw almost 50 per cent more added the sale price compared to what he paid.

The kitchen, living and dining space follows an open plan.

Real estate agent Dhimitri Xhaho of Ray White Logan City said despite multiple hits from interest rates rises in the past year, the market was “amazing at the moment if you’re selling townhouses”.

“Townhouses have been performing amazingly. That property has sold unconditionally to a local buyer. Since listing we had two open homes and over 50 groups through the townhouse which is shocking,” he said.

Concrete was added to outdoor spaces to reduce maintenance.

It sold unconditionally for $450,000 on Saturday, six days after first hitting the market.

The owner had paid $300.750 for the three bedder, with body corporate fees at $800 a quarter on average and rates at about $500 a quarter with the Brisbane City Council.

“The crazy thing is the average price feedback from each buyer was in the early $400,000 to $430,000, that was the general enquiry level but we managed to get that one at $450,000,” Mr Xhaho said of last week’s sale campaign.

The simple but functional open kitchen.

The home is close to shopping and transport options.

“It’s freestanding, that’s the beauty of this one. On that side of the complex the townhouses are freestanding.”

Mr Xhaho said the owner did do a bit of work to reduce maintenance on the property.

“He did concrete, add tiles, a nice renovation, there’s a lot less maintenance than most of the townhouses in that complex. It’s close to a record for townhouses like it in that complex.”

The home has two bathrooms, one of which has a built-in laundry area.

“I had multiple offers on that. I could only sell it to one person. I also listed another in that complex on Friday night, which is currently off market.”

“My personal opinion is townhouses have a lot more growth coming. Interest rates affect houses more as their prices are higher and townhouses are more affordable and very hard to come by sometimes. I believe it’s very affordable.”


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