Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Offering a rare opportunity in a prime Southport location, this property comprises three adjoining houses on a substantial combined land area of approximately 1,780 square meters. This medium density site is positioned within an RD5 zoning precinct with a building height limit of 23 metres, providing promising potential for future residential development. The site could potentially accommodate between 60 to 80 apartments or 12 to 13 townhouses, subject to planning requirements and council approval.
The existing configuration offers three residences providing immediate holding income, making the offering attractive not only to developers but also to investors or owner-occupiers with longer-term development plans. Each home is thoughtfully designed with ample accommodation: combined, they offer a total of 10 bedrooms, 7 bathrooms, and 6 covered parking spaces, spread evenly among the addresses 46, 48, and 50 Prince Street.
Located close to major conveniences and lifestyle amenities including The Broadwater, Australia Fair Shopping Centre, Griffith University, and a variety of dining and transport options, the community is well-connected and desirable. The zoning and size present flexibility and future asset growth potential within a well-established precinct.
- Substantial landholding of around 1,780 sqm across three adjoining sites
- RD5 zoning allows for medium-density residential development with a height limit of 23 metres
- Immediate income from three existing homes, each with secure parking
- Well-located near key Southport amenities and transport
- Features including air conditioning, built-in storage, broadband, dishwasher, pay TV enabled, and solar panels enhance current living standards
This portfolio will particularly appeal to developers seeking sizeable, strategically positioned land with development flexibility, as well as investors valuing steady income and long-term capital growth prospects. The existing residences provide a functional lifestyle now with the option to unlock significant growth via future redevelopment.
Local Market Insights
In Southport, Quiet Listings observed 36 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $1,420,028. The property type mix of listed properties is predominantly Houses at 28%, followed by apartments (25%), and units (14%). The most active agency for houses in the Southport area is currently Ray White, representing 39% of new listings, followed by McGrath Estate Agents with 17%. 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.
Location
Market Insights for Southport QLD 4215
Other properties in this postcode
