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Overview
This property offers a unique opportunity to acquire a prime 784 square meter flat block located in the highly sought-after suburb of Macgregor, Queensland. Nestled within the MacGregor State School catchment, the allotment boasts a generous 22.1 meter frontage and is minutes from major shopping centers such as Westfield Garden City and Market Square, providing convenience and lifestyle benefits.
The existing residence on the lot is a single-level brick home featuring four bedrooms, two bathrooms, two separate living areas, a functional kitchen, and a detached garage. While the home itself shows signs of age and may be considered tired, it remains liveable for individuals considering holding and renting the property as they plan future developments or improvements. However, the true value lies primarily in the expansive land, which is fully fenced, flat, and poised for redevelopment, subdivision, or land-banking opportunities, all subject to council approval.
Macgregor is renowned for its residential appeal and strong demand, driven in part by excellent local amenities and schooling options including MacGregor State High School nearby. Residents can enjoy access to D.M. Henderson Park along with easy commute options via nearby bus services and freeway. This location provides an ideal blend of suburban tranquillity and urban convenience.
Key features include:
- A large 784 square meter flat allotment requiring no earthworks or complications, making development straightforward.
- A wide 22.1 meter frontage offering exceptional exposure along Mccullough Street.
- Situated within one of Brisbane’s most desirable primary school zones, MacGregor State School catchment.
- The current home includes two separate living spaces providing flexibility for varying family needs or rental opportunities while planning for future use.
- Detached garage and additional off-street parking space catering for up to two vehicles.
- Solar panels installed on the roof providing potential income offset if renting the property prior to development.
- Close proximity to parks, shopping centers, and transport links enhancing lifestyle and convenience.
- Multiple development options including rebuild, subdivide, or retain as a land bank according to council stipulations.
- The flat terrain helps keep development costs manageable and economic.
The combination of size, location, and development potential makes 386 Mccullough Street a highly attractive asset in the Brisbane market. Properties of this nature, especially within prestigious schooling catchments, rarely remain available for long. Prospective purchasers are encouraged to act promptly to secure this exceptional opportunity.
Disclaimer: All information has been sourced from reliable channels but is provided without warranty. Prospective buyers should conduct their own due diligence to confirm details and suitability for their intentions. The listed price is Auction and no indicative price guide can be provided. The website may apply price brackets for organizational purposes only.
Local Market Insights
In Macgregor, Quiet Listings observed 24 new houses entering the market over the last 30 days, down from 27 during the previous 30-day period, with an average advertised asking price of $1,702,042. The property type mix of listed properties is predominantly Houses at 74%, followed by townhouses (11%), and home for sales (5%). Ray White was the most active agency in this area, representing 29.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| For Sale | |
| Auction |
Location
Macgregor QLD 4109
Market Insights for Macgregor QLD 4109
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