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79-81 Musgrave Avenue, Labrador QLD 4215

EOI

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$2.75M - $3M Medium Confidence Calculated based on our search observations.

Townhouse 2769 m²

Listed: 48 days ago

Updated: 24 days ago

Overview

This expansive development site offers a rare opportunity in the highly sought-after Labrador suburb, featuring an approved plan for townhouse construction in the dynamic Chirn Park area. Spanning approximately 2,769 square metres, the site is primed for a residential development comprising 14 townhouses, with variably designed floor areas ranging from 178 to 268 square metres. The development approval encompasses 10 three-level townhouses and 4 two-level townhouses, providing flexibility in design and housing choices.

Strategically situated, this location stands out for developers and investors aiming to capitalize on growth in the Gold Coast property market. Its proximity within a two-minute walk to local cafes, bars, and shopping precincts enhances the appeal to future residents seeking lifestyle convenience alongside residential comfort. The site’s position near essential amenities such as public and private hospitals, schools, golf clubs, and major shopping centers like Harbour Town and Australia Fair contributes to its outstanding investment potential.

Generous development site with DA approval for townhouses
Large land area suitable for quality residential builds
Excellent access to local retail, dining, and recreational facilities
Close to public transport and community amenities
Opportunity for builders and land bankers to benefit from a competitive market

Given the mortgagee's instructions and the site's development status, this property presents a compelling chance for experienced developers to bring a significant townhouse project to fruition in a thriving coastal community.

Local Market Insights

In Labrador, Quiet Listings observed 12 new townhouses entering the market over the last 30 days, down from 22 during the previous 30-day period, with an average advertised asking price of $1,212,250. The property type mix of listed properties is predominantly Apartments at 34%, followed by units (18%), and houses (18%). The most active agency for townhouses in the Labrador area is currently Ray White, representing 33% of new listings, followed by Hillsea Real Estate Paradise Point with 25%. 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.