THE OPEN HOME ON THE 29TH OF OCTOBER 2025 IS CANCELLED DUE TO THIS PROPERTY BEING UNCONDITIONAL.
Set on an expansive 3641sqm block in one of The Gap's most tightly held streets, this remarkable property offers an exceptional opportunity for families, prestige home builders, and developers alike. With current zoning and preliminary advice confirming the potential for a 4-6 lot subdivision (subject to council approval), the property presents a blank canvas that can be shaped to suit a variety of lifestyles or investment strategies. Whether you envision building your dream home surrounded by space and privacy,
developing multiple dwellings, or simply land-banking a blue-chip parcel for the future, this is a property that truly stands apart.
Lifestyle and Family Living
The existing two-storey, four-bedroom home has been renovated in 2021, combining comfortable family living with exciting scope for future redevelopment.
Key features include:
• Four spacious bedrooms - main with ensuite and walk-in robe
• Three fully renovated modern bathrooms and kitchen
• Ducted air conditioning and 6kW solar system for year-round comfort and efficiency
• Polished timber floors and security screens
• Two living zones, with downstairs including a kitchenette and bathroom, perfect as a
theatre room, guest retreat, or self-contained living area
• Ample vehicle storage - two-car lock-up garage under the home plus a separate two-car
shed at the rear
• A generous backyard with endless possibilities - add a pool, tennis court, or simply enjoy
the open space
This home is move-in ready, offering immediate comfort while giving buyers the flexibility to
plan, extend, or rebuild as desired.
The Site and Surrounds
Positioned among established homes and quality neighbours, 348 Payne Road sits within one of Brisbane's most family-friendly suburbs. The site's gentle elevation and broad
frontage create design flexibility for those dreaming of a statement home with room for everything.
348 Payne Road offers all the privacy and space of acreage-style living while being moments from every convenience.
• Bus stop literally at your door, providing quick and easy access to local schools, The Gap
Village, and Brisbane's CBD
• Picturesque creeks, walking trails, and bike paths nearby - perfect for weekend
adventures and family outings
• Excellent public and private schools in the area, including The Gap State High School, The
Gap State School, Payne Road State School and St Peter Chanel Catholic Primary School
• Set amongst quality homes and family-friendly neighbours, offering a peaceful, leafy
environment
For developers and investors, the large landholding (3641sqm) and confirmed feasibility for 4-6 lots (STCA) make this one of the most exciting small-scale development opportunities currently available in The Gap. Local demand remains strong, underpinned by a median house price of approximately $1.37 million, reflecting the suburb's consistent appeal to families seeking lifestyle, greenery, and convenience to the CBD.
A Rare Offering with Multiple Pathways
• Build your forever home on a spectacular acreage-style site within city limits
• Subdivide into 4-6 residential lots (STCA) and unlock significant upside
• Hold and land-bank in a premium, high-growth suburb
This property combines lifestyle, location, and long-term potential in a way rarely seen intoday's market.
Enquire Now
Opportunities of this size and flexibility in The Gap are seldom available and never last long.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
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