Patrick Brice, Chloe Vidler, Harry Brice and William Brice on the rooftop of the home for sale a 31 Small St, Teneriffe. Picture: Richard Walker
The Brice family is saying goodbye to panoramic city views after listing their Teneriffe home, but their faith in the local property market means they’ll be buying back into the river city.
Local entrepreneurs, Will and Shona Brice bought the home at 31 Small St, Teneriffe, 18 months ago after seeing the view from the third-storey rooftop.
“I walked up onto that terrace and said, ‘oh my God, this is amazing’,” Mr Brice said.
“You get panoramic views right around Brisbane.
“It’s so nice to sit up there at night once the sun goes down.”
The couple and three of their children quickly made themselves at home in the surprisingly spacious residence, which sits on a 207 sqm block.
“It’s a small lot, but it really feels like a proper house,” Mr Brice said.
“I was surprised by how much room it has and the feeling of space it offers.”
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The home at 31 Small St, Teneriffe. Picture: Michael McQueen
The home has three bedrooms, two bathrooms, a powder room, a home office, a pool and parking for two car.
The couple renovated the kitchen and bathrooms, leaving the home is better shape than when they bought it.
They also made the most of the inner city location.
“We’re a two-minute walk down to the James St precinct, close to shops, transport and the Riverwalk,” Mr Brice said.
“You can go without a car living here – I ride my Vespa most of the time.”
Despite loving their Teneriffe home, Mr and Mrs Brice decided the time was right to sell.
The latest PropTrack quarterly data revealed the average unit price in Teneriffe increased 10 per cent in the December quarter, while house sales were so scarce growth couldn’t be calculated.
The rooftop terrace at 31 Small St, Teneriffe. Picture: Michael McQueen
In neighbouring New Farm, the average house price shot up 11 per cent in the past three months, from $3.1m to $3.5m.
“We will definitely re-buy in Brisbane.” Mr Brice said.
“People are seeing it as a good place to invest and a good place to live.
“It’s a safe place to put your money in bricks and mortar, especially with the 2032 Olympics and the infrastructure projects underway throughout the state.”
Selling agent Meaghan Bakker of Ray White New Farm said demand was extraordinary high for turnkey homes like 31 Small St.
“With the cost of construction and the delay in getting trades, people are really struggling with getting renovations done,” she said.
“Buyers are looking for fully-done turnkey product they can move into and unpack.”
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