111 Halletts Road
Redbank Plains, QLD 4301

Overview

111 Halletts Road, Redbank Plains QLD 4301

This property presents a unique opportunity for land bankers, developers, and strategic investors looking to capitalize on a future development project. Located at 111 Halletts Road, Redbank Plains, QLD 4301, this expansive 24,000 square meter site is zoned for low residential and environmental management, making it ideal for a savvy buyer to unlock significant value without the burden of interest costs.

Potential buyers can engage with the local council for early planning before settlement, allowing for the preparation of structure plans or preliminary approvals. This flexibility enables buyers to secure today’s price while the market continues to evolve. No-finance buyers can gain a competitive edge in this growing market.

Sales evidence indicates that 400-500 square meter lots are currently selling for between $429,000 and $480,000. For instance, a recent sale at 15 O’Rourke Street, Redbank Plains, achieved $480,000 in May 2025, reflecting a remarkable 17% price growth within just 12 months. Additionally, comparable bulk land sales at 23 and 27 Samantha Street, Redbank Plains, have been recorded at approximately $210 per square meter for a total area of 18,919 square meters.

The site at 111 Halletts Road offers a substantial area of 2.4 hectares, with approximately 12,000 square meters currently usable, subject to council approval. The proposed yield could accommodate around 27 lots of 400 square meters each, with potential overlay relaxation allowing for up to 19,400 square meters of usable land.

Situated in a growth corridor with strong buyer demand, this property is poised for future appreciation. Flexible settlement terms are available, and early access to development approvals is considered, making this an attractive proposition for developers.

Developer advantages include a proven growth corridor, flexible terms, potential overlay relaxation leading to significant uplift, and land values trending towards $480,000 per lot. Furthermore, there is potential income during the holding period from a 4-bedroom, 2-bathroom home with a 3-car garage and shed, currently renting for $644 per week, translating to an annual income of approximately $33,488 after management fees.

Price guide: Offers Over $5,149,000.

Location