** 536SQM LEVEL PARCEL ZONED LOW-MEDIUM DENSITY RESIDENTIAL (2-3 STOREY MIX PRECINCT)
** POTENTIAL FOR 2 x 3 LEVEL DWELLINGS WITH CITY VIEWS
**JUST 6.5KM TO BRISBANE CBD, AND UNDER 500M to YERONGA TRAIN STATION
**LOCATED IN A QUIET TREE LINED STREET CLOSE TO ALL AMENITIES
**LONG TERM TENANT IN PLACE
An exciting opportunity awaits investors and developers with this solid 1960s (Removable) weatherboard home, ideally positioned on a level 536sqm block in a sought-after, FLOOD FREE pocket of Yeronga. With town planning advice supporting the construction of 2 x 3-storey town homes, and guaranteed city views from the upper levels, the site offers huge upside in capital growth and redevelopment potential – just in time for the 2032 Brisbane Olympics. With Top Offers closing 5pm, 20th June – DO NOT DELAY!
Currently home to a long-term tenant generating reliable rental income, you can invest now and plan your development timeline with confidence.
This classic 1960s four-bedroom home offers timeless character and solid foundations, featuring polished hardwood floors, high ceilings, a spacious living area, and a north-east facing dining room bathed in natural light through original hopper windows.
The front covered patio showcases original terrazzo tiles and is screened by mature shrubs along the timber front fence, ensuring privacy. The remaining yard is fully fenced with 6ft timber panels on 3 sides for added security and privacy.
Positioned at the front of the home, the bright and functional, renovated kitchen includes modern white cabinetry, an upright stove, and overlooks the patio and has windows on three sides.
All four bedrooms include built-in robes, with the master benefiting from dual aspect windows and a ceiling fan. The generous bathroom features an extended vanity, separate shower and bath, and is complemented by a separate WC. The large internal laundry includes floor-to-ceiling storage.
At the rear, a sunlit enclosed patio opens to an additional multipurpose room – ideal for a study or home office. A garden shed with concrete surround sits neatly in the corner of the otherwise open backyard.
Solid 1960s Home with Development Potential
**Town planning advice supports 2 x 3-level dwellings with city views
**Located in a quiet, tree-lined street close to amenities
**Just 6.5km to Brisbane CBD, less then 500m to Yeronga Train Station
**1.4Km to Yeronga State School
**2.2Km to Yeronga State Highschool
**650m to Childcare Centre
**650m to Convenience Store & Takeaway Outlets
Secure Investment with Holding Income
**Long-term tenant in place paying $600/week – increasing to $650/week from August
2025. Lease expires – 29 January 2026.
**Perfect set-and-forget investment while preparing your development plans
**Excellent Future Growth Prospects
**City views achievable from top-level of a 3 storey dwelling
**Prime position for capitalising on the 2032 Olympics
Home Features
**4 Bedrooms – all with built-in robes; master with dual aspect and ceiling fan
**Large bathroom with separate shower and bath + separate WC
**Huge internal laundry with full-height storage
**Bright enclosed sunporch + additional study/WFH space
**Open plan living and dining + formal dining/multi-purpose room
**Functional kitchen with modern white cabinetry, upright stove and double sink
**NE-facing dining room, original hopper windows for natural light and airflow
**Classic 1960s features: hardwood floors, high ceilings, wide hallways, built-in buffet
**Covered front patio with original terrazzo tiles + private garden outlook
**Garden shed with concrete base in the spacious backyard
**Fully fenced yard – 6ft timber fencing for privacy and security
**Original terracotta tiled roof, classic casement and hopper windows
TOP OFFERS CLOSING 5PM, 20th JUNE 2025
Rental Income - $600 per week increasing to $650 per week from 5 August 2025.
Lease expires – 29 January 2026.
Council Rates – $815 per QTR
Water/Sewerage Charges - $259 per QTR
Call Richard on 0408 477 188 today to arrange an inspection and be the one to secure this prime investment.
Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Whilst every care is taken in the preparation of the information contained in this marketing, Place Estate Agents will not be held liable for any errors in typing or information. All interested parties should rely upon their own inquiries to determine whether this information is accurate.
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