Looking for the perfect block for your next project? Something that you can start immediately!
Your search STOPS here ! This is the BEST development block on the southside. All the hardwork has been done for you. The vendor has brilliantly got a DA approved for 17 blocks of H&L.
However, there are still further potential to subdivide few of the larger blocks to maximise the value of the 1.72 Ha.
This block is second to none as there are already existing 3 street accesses surrounding its border meaning you can save on your land usage compared to blocks that you have to allocate minimum 10m to 12m for roads.
The exiting house is a solid brick and tile 4 bedroom with an additional attached 1 bedroom stand alone granny flat for rent out / extended family. With some basic renovation, this house sitting on a subdividable 1000sqm land will easily fetch over a substantial selling price. Blocks of similar size with a house on it are selling around $2.5mil. You can also opt to further subdivide this big block into 3 blocks and still keep the house (subject to Council Approval).
BUY IT NOW, START EARTHWORK, RENOVATE, FURTHER SUBDIVIDE, OR JUST LAND BANK IT!!
This is your chance to tap into your creativity and your development skills and visions. Queensland is now currently experiencing a Rental Crisis and Housing Shortage especially South East QLD, this block will offer you the BEST potential for capital growth. Algester is now the emerging suburb due to its strategic location giving it easy accessibility to many roads and highways.
Contact Listing Agent for more details:
Lynda Lim
Mobile: 0406 233 888
Email: [email protected]
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.06 km | 4 | 2 | -m2 | Year 2024 Month 10 Day 18 | $1,361,000 | Council approved | |
 | 0.15 km | 4 | 3 | -m2 | Year 2024 Month 10 Day 03 | $746,000 | Council approved | |
 | 0.16 km | 4 | 2 | -m2 | Year 2024 Month 09 Day 01 | - | Council approved | |
 | 0.15 km | 3 | 2 | -m2 | Year 2024 Month 08 Day 22 | $635,000 | Council approved | |
 | 0.15 km | 3 | 2 | -m2 | Year 2024 Month 08 Day 11 | $639,000 | Council approved |