100 Delathin Road
Algester, QLD 4115

Overview

100 Delathin Road Algester QLD 4115

This property offers a hilltop large block with three street access points and a Development Approval (DA) already in place, making it an ideal opportunity for immediate development projects. It is considered one of the best development blocks on the southside, with significant groundwork completed to facilitate subdivision.

The vendor has secured DA approval for 17 house and land blocks, with further potential to subdivide some of the larger blocks to maximize the value of the total 1.72 hectares. The block benefits from three existing street accesses surrounding its border, which allows for more efficient land usage compared to other blocks that require allocating 10 to 12 meters for roads.

On the property sits a solid brick and tile house featuring four bedrooms, complemented by an additional attached one-bedroom standalone granny flat. This setup is suitable for rental income or extended family accommodation. With some basic renovations, the house on the subdividable 1000 square meter land is expected to command a substantial selling price, with similar sized blocks with houses selling around 2.5 million dollars.

There is also the option to further subdivide this large block into three separate blocks while retaining the existing house, subject to council approval. This flexibility offers multiple pathways for investment, whether to start earthworks, renovate, subdivide further, or hold the land as a long-term asset.

This property presents a unique chance to leverage creativity, development skills, and vision in a market currently experiencing a rental crisis and housing shortage, especially in South East Queensland. Algester is an emerging suburb due to its strategic location, providing easy access to major roads and highways, enhancing its appeal for capital growth potential.

Location