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68 Old College Road, Gatton QLD 4343

$599,000

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$599k - $629k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 809 m²

Listed: 7 days ago

Overview

This property at 68 Old College Road in Gatton presents a promising opportunity for investors or developers looking to capitalize on the potential of a well-positioned site ripe for redevelopment under council approval (STCA). The existing residence offers a solid foundation with three bedrooms, a spacious living room, and an adequately sized kitchen, complemented by a functional bathroom containing a shower and bath. The covered front verandah adds charm and outdoor relaxation space, while the double carport at the rear enhances parking convenience.

Currently tenanted until October 2027, this property attracts buyers interested in immediate rental income as well as future redevelopment prospects. The land size of 809 square metres provides a substantial canvas for transformation, with the potential to subdivide or develop townhouses subject to council approval, offering flexibility to suit various investment strategies.

Its location within walking distance to local shops, sporting grounds, and public transport adds lifestyle appeal and convenience for future residents or tenants. Additionally, the possibility to acquire the adjoining property at #66 Old College Road opens up a more extensive redevelopment project, allowing for a comprehensive and strategic approach to site utilization.

Solid three-bedroom home with functional living spaces
Spacious and practical kitchen
Covered verandah for outdoor leisure
Double carport enhancing parking capacity
Land size of 809 sqm offering redevelopment potential
Well-located near essential amenities and transport
Tenanted until late 2027, providing rental income opportunity
Option to purchase neighbouring property for larger project

This property will attract investors, developers, or buyers seeking a project in a convenient and established part of Gatton. The existing home serves both as a livable rental asset and a stepping stone for future redevelopment, combining income generation with a prime location and clear growth prospects.

Local Market Insights

In Gatton, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 13 during the previous 30-day period, with an average advertised asking price of $824,933. The property type mix of listed properties is predominantly Houses at 75%, followed by land (15%), and units (5%). The most active agency for houses in the Gatton area is currently Gatton Real Estate, representing 27% of new listings, followed by Elders Real Estate with 27%. 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.