Turnkey Tenerife home with city views hits the market amid rising buyer demand – realestate.com.au

The Brice family are saying goodbye to panoramic city views after putting their Teneriffe home on the market, but their confidence in the local property market means they will be buying shares in the river town again.

Local entrepreneurs Will and Shona Brice bought the house at 31 Small St, Tenerife, 18 months ago after seeing the view from the third floor roof.

“I walked onto that patio and said, ‘Oh my God, this is amazing,’” Mr. Brice said.

“You get panoramic views around Brisbane.

“It’s so nice to sit there in the evening as the sun sets.”

The couple and three of their children quickly felt at home in the surprisingly spacious home, which is located on a 207 m² block.

“It’s just a small lot, but it really feels like a real house,” Mr. Brice said.

“I was surprised by how much space it has and the sense of space it provides.”

RELATED: Brisbane’s most expensive home will increase in value by $20 million

Shock revised prices for 144-unit tower as construction costs rise

Luxury rev head: insane new standard for Aus garages

The house at 31 Small St, Tenerife. Photo: Michael McQueen

---

The home has three bedrooms, two bathrooms, a powder room, a home office, a pool and parking for two cars.

The couple renovated the kitchen and bathrooms, making the house look better than when they bought it.

The location in the city center was also optimally used.

“We are a two-minute walk to the James St precinct, close to shopping, public transport and the Riverwalk,” Mr Brice said.

“You can live here without a car – I usually drive my Vespa.”

Despite loving their home in Tenerife, Mr and Mrs Brice decided the time was right to sell.

The latest PropTrack quarterly data shows that the average unit price in Tenerife rose by 10 percent in the December quarter, while house sales were so thin that the growth could not be calculated.

The roof terrace at 31 Small St, Tenerife. Photo: Michael McQueen

---

In neighboring New Farm, the average house price has risen 11 percent in the past three months, from $3.1 million to $3.5 million.

“We will definitely buy again in Brisbane.” said Mr. Brice.

“People see it as a good place to invest and a good place to live.

“It’s a safe place to put your money into bricks and mortar, especially with the 2032 Olympics and the infrastructure projects underway across the state.”

Sales agent Meaghan Bakker of Ray White New Farm said demand was extremely high for turnkey homes such as 31 Small St.

“Because of the cost of construction and the delay in getting transactions, people are really struggling to do renovations,” she said.

“Buyers are looking for a completely turnkey product that they can purchase and unpack.”