Boasting an impressive 951sqm landholding with exciting subdivision potential, this solid three-bedroom, one-bathroom home in Lockyer presents a prime opportunity for investors, developers, and homeowners alike. Whether you're looking for a spacious family home with room to grow or a strategic property to capitalize on Albany's ever-evolving market, this is an address that delivers.
Positioned on a generous block with easy access to local amenities, this home offers a comfortable layout with practical living spaces. The three well-sized bedrooms are complemented by a neat & tidy bathroom, ensuring functionality for families, first-home buyers, or tenants. The living area enjoys ample natural light, while the adjoining kitchen is equipped with plenty of storage and workspace, making meal preparation a breeze. A separate laundry adds further convenience, with direct access to the rear yard.
The expansive backyard is a standout feature, offering a blank canvas for those wanting to create an outdoor retreat, establish productive gardens, or explore development options. Whether you envision a landscaped garden, a play area for children, or even an alfresco entertaining space, this backyard is ready for transformation. With wide side access and plenty of room for additional structures, the possibilities are endless.
The real highlight of this property is its subdivision potential (subject to relevant approvals). With its significant land size and favourable zoning, savvy buyers may consider developing additional dwellings, capitalizing on the growing demand for well-located housing in Albany. The property is zoned R25 which may allow you to retain the existing home and build at the rear or subdivide into separate lots, it's up to you (subject to all the relevant approvals and conditions).
For investors, this property offers an opportunity to secure land in a prime location while earning potential rental income of $490 - $530 per week as per the recent Rental Appraisal held on file.
What you need to know:
- Solid 3 x 1 weatherboard and iron home
- Expansive 951sqm block – with potential for subdivision
- Main bathroom with shower over bath and vanity
- Separate toilet
- Laundry
- Enclosed backyard
- Close to schools, shops and coastal attractions
- Council rates – $2,003.93
- Water rates – $1,564.13
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