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Overview
This substantial medium density residential property at 41 Bowman Road represents a significant development opportunity in the heart of Caloundra. Offering a large 777 square metre site with 15.1 metres frontage and dual street access, the land benefits from a 15 metre building height limit, subject to council approval. This flexibility is ideal for creating a boutique development in a sought-after coastal location where demand continues to rise.
Currently, the property features existing improvements that provide immediate holding income, making it suitable not just for developers but also for investors or strategic landholders. These include a main dwelling with four rooms, a bathroom and kitchen, alongside a separate studio with one room, bathroom and kitchen, as well as an additional disabled toilet catering to both dwellings. Parking is ample with nine onsite car parks, supporting multiple tenants or residents.
Its prime location just minutes from Caloundra’s central business district, pristine beaches, and a vibrant coastal lifestyle adds exceptional appeal. Residents and visitors can easily access Bulcock Street’s cafes, restaurants, and weekend markets, as well as major sporting and recreational facilities including cricket, tennis, football, basketball, and an aquatic center. The proximity to shopping centers, schools, medical facilities, and public transport enhances convenience and livability, reducing reliance on vehicles.
The combination of scale, location, holding income potential, and redevelopment scope make this property a rare find. It appeals to experienced developers looking for a medium density site with growth prospects, investors interested in dual income streams, or strategic buyers aiming to capitalize on future urban expansion.
- Generous 777sqm site primed for medium density development
- Dual street access with a wide frontage and a 15m building height limit (STCA)
- Existing income-producing dwellings including a main house and separate studio
- Accessible location close to beaches, cafes, markets, and sporting facilities
- Conveniently situated near essential services and public transport
Given the rarity of opportunities that combine such a versatile land size, strategic location, and existing income, this property is well positioned to unlock substantial future value.
Local Market Insights
In Caloundra, Quiet Listings observed 58 new houses entering the market over the last 30 days, down from 103 during the previous 30-day period, with an average advertised asking price of $1,359,776. The property type mix of listed properties is predominantly Houses at 68%, followed by units (16%), and apartments (5%). The most active agency for houses in the Caloundra area is currently TOWN, representing 22% of new listings, followed by Ray White with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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 |
|---|---|
| Offers Over $1,700,000 | |
| Contact Agent | |
| Expressions Of Interest By Thursday 13 August 5pm |
Location
Market Insights for Caloundra QLD 4551
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