48 Pittwin Road South
Capalaba, QLD 4157

This property offers a unique opportunity with two homes situated on an extra-wide 787 square meter block zoned for medium-density residential use. The main residence features three bedrooms and two bathrooms, complemented by a detached, fully self-contained second dwelling that includes one bedroom, one bathroom, a kitchen, and a living area, ideal as a granny flat or rental unit.

Located just a short, flat walk from Capalaba Central and only 650 meters from Capalaba Park shopping centre, this dual-key property presents a rare investment, land banking, or redevelopment prospect. The area is set to benefit from a significant $250 million town centre redevelopment project, which will introduce a vibrant mix of commercial, entertainment, and communal spaces.

The main residence has been recently upgraded with a modernized kitchen, enhanced lighting throughout, a brand-new roof, and the addition of a Suntech 440w 8kW solar system, enhancing both comfort and energy efficiency. The zoning allows for potential redevelopment into a multi-dwelling complex up to 13 meters in height, subject to council approval.

This property is well-suited for a variety of buyers including young couples, retirees, and families, thanks to its proximity to essential amenities such as grocers, major retailers, cinemas, public transport, gyms, and parks. It also offers quick access to the Wynnum/Manly foreshore, ferries to Stradbroke and Moreton Islands, and nearby recreational facilities like Sleeman Sports Complex, Sirromet Winery, and Howeston Golf Course. Dining options abound, including one of the nation’s top-rated fish and chip restaurants.

Key features include:

• Opportunity to invest, live-in lease-out, or redevelop (subject to council approval)
• 787 sqm parcel with an extra-wide frontage of approximately 33.5 meters and depth of 23.6 meters
• Medium Density Residential zoning allowing for multiple dwellings up to 13 meters in height
• Excellent separation between the two homes, enabling individual leasing
• Main residence with three bedrooms, two bathrooms, and secure garaging
• Separate, fully fenced, self-contained second dwelling with one bedroom, one bathroom, kitchen, and living area
• Updated kitchen and upgraded lighting throughout the main residence
• Brand-new roof on the main residence
• Newly installed Suntech 440w 8kW solar system
• Rental appraisal: main home $625-$675 per week; second dwelling $450-$500 per week; combined income $1,075-$1,175 per week
• Convenient, level walk to Capalaba Park, Capalaba Central, and the upcoming $250 million town centre redevelopment

This property represents a solid investment with multiple income streams and redevelopment potential in a highly sought-after suburb close to Brisbane CBD and coastal attractions.