Acreage close to the city fetches a high price in Brisbane

first_img134 Grassdale Road BelmontAN acreage property with a large family home was the biggest sale of the week.The four-bedroom home at 134 Grassdale Rd was sold to a young family for $1.34 million after about five weeks on the market.The home is on a 1ha block in a street in Belmont filled with rural residential homes. 134 Grassdale Road BelmontShe said that Belmont bordered on similar acreage suburbs, including Gumdale and Chandler, that were increasingly sought after by families who wanted something a bit different while still being close to the city.“I guess it is more for families,” she said.“Quite often they have kids that are into horse riding. It is certainly a great lifestyle.”She said it was typically families, rather than investors who were buying in the area.The home was sold by a retired couple who wanted to downsize after 23 years in the home.The median sales price in Belmont is $699,000. The four bedroom home is in an area with a lot of acreage properties.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agoAgent for the sale, Ann-Marie Best from Harcourts Coorparoo, said there were a lot of large rural residential homes in the area that sold for high amounts. “Some of them can sell for two or three million,” she said.last_img

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