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Oxford Park Mitchelton is a boutique land development located in Mitchelton. Only three lots of the original 12 remain, and prices start at $439,000. Unlike a lot of land projects, this is an opportunity to build your home in an established suburb with infrastructure, public transport, amenities, and limited construction nearby. Add to the fact that this new land is less than 20 minutes drive (35 with traffic) or 23 minutes on the train from the city, this is a fairly rare find in the northern Brisbane suburbs.
The average lot size is 460m² with some lots as large as 600 square metres. Buyers will get to choose their builder and home design, and given that the title is registered, you can start building as soon as you buy.
Oxford Park Mitchelton is developed by Harridan, who have a range of new land developments all across Brisbane and throughout the Queensland regions. The total size of the project is over one hectare and is located in the back pocket of Mitchelton. There are only three lots left, priced between $439,000 and $445,000. The soil testing and necessary filling was complete and signed off on in 2016, meaning the land is ready to be built on as soon a the purchase of a freehold title is secure. The lots remaining are the smallest three lots in the development, but still of a decent size at between 400m² and 412m².
But remember that…
Nestled amongst three different parks, and right in front of Kedron Brook, this area is perfect for families. Oxford Park Mitchelton is 10km from the city and only 1.7km away from Brookside Shopping Centre. Skirting the boundary of the inner city, but just far enough out to capitalise on that real “suburban” feeling, this development is also only 12 minutes away from Bunyaville Conservation Park. Bunyaville Conservation Park is home to a range of beautiful bush trails for cycling, walking and horse riding. There’s also a picnic area with wood barbecues which makes for a lovely Saturday spent in the great outdoors (without having to journey to the coasts or hinterland). The new land in Mitchelton is right at the heart of the Kedron Brook Bikeway, which has flat paths linking all the nearby parks, ideal for walking, jogging and biking and only 350 metres from the doorstep.
Oxford Park Michelton is only 700m from Oxford Park Train Station, making it very easily walkable. Oxford Park is on the Beenleigh to Ferny Grove line and stops at all the major inner city train stations on the way to the Gold Coast. TAFE Queensland’s Grovely campus is only a two-minute drive away, and Mitchelton State High School and Michelton State Primary School are both only a three minute trip in the car.
Oxford Park Nursery is right next door, and the Everton Park precinct is less than 10 minutes down the road. While there’s Woolworths, Coles, Spotlight, Harvey Norman and several dining options (Grill’d, Charlie’s Raw Squeeze, Sushi Metro) already there, the second half of 2018 will also see a new dining precinct opening up. Inner-city favourites Corbett & Claude and Comuna Cantina will be joining the local line-up at Laneway Dining Precinct as well as 5 Boroughs, Stellarossa and Neighbourhood Market Co.
Travelling to and from the city during peak traffic time may be slow going. Both Kelvin Grove Road and Enoggora Road are quite heavily impacted by congestion in both the morning and afternoon. As the only (straightforward) way in and out of Mitchelton, expect to need a lot of patience if driving to a CBD job. Outside of those peak times on weekdays, these roads are generally fairly clear. The new Laneway Dining Precinct won’t be in the direction of the city, so construction there won’t likely impose further traffic dramas.
Oxford Park Mitchelton contains 12 plots of land in total of between 400 and 660 square metres in size. Nine of the plots have frontage onto Cribb avenue, while the remaining three have frontage onto Chessom Street. Plots 3, 4, 5 and 6 all have 10m frontage and 10m at the back as well, making them the smallest plots of the development. Plot 7 is the largest by over 200m², which makes the “average” lot size of this development seem deceptive to the actual size of the majority of the plots.
The length of each of the plots on Cribb Avenue is between 42.4m and 39.8m, so not too much variance there. The Chessom Street plots are a little shorter, at between 29.9m and 33.8m, but with wider frontage at 14m.
Oxford Park Mitchelton also provides buyers with the freedom to choose their own builder and design of their home, with no residential restrictions in place.
The median sale price for house and land in Mitchelton was $650,00 in 2017, having increased 27.6% within the last five years. At the moment, there is a medium to high market demand for Mitchelton real estate, although this is expected to increase over the next few years. The rental yield on homes in Mitchelton is 3.6% per year with an average rent of $459.
Over the last year, Signature on Mitchelton has been complete, which is situated just next to Brookside Shopping centre and contains 93 two-bedroom apartments. Looking forward, development plans have just been approved on the corner of McConaghy Street and Osborne Road in Mitchelton. This site, tentatively called Parkside Mitchelton, is just opposite Mitchelton Train Station would include 212 two-bedroom units and a ground floor retail tenancy. Currently, there are no concrete plans or development dates for this project.
Harridan has been developing property in South East Queensland for over 45 years. Their focus lies with distinctive residential, mixed-use and commercial projects. They also take care of development consulting, site acquisition and project management. The land at Oxford Park Mitchelton is available to buy directly from Harridan, meaning you can cut out the middleman and avoid real estate agent commissions.