Exceptional Development Opportunity in a Highly Connected Macgregor Location

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53 & 55 Wadley Street, Macgregor QLD 4109

FOR SALE

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$3.5M - $3.85M High Confidence Calculated based on strong search observations.

House 5 Beds 3 Baths 2 Cars 3245 m²

Listed: 2 days ago

Overview

This exceptional development opportunity offers an expansive combined landholding of approximately 3,245sqm across two adjoining vacant blocks in the well-connected suburb of Macgregor. The generous parcel sizes provide flexibility for a range of development options, including townhouse projects or subdivision, with potential subject to council approval and planning compliance.

The property's location enhances its appeal, being only a five-minute walk from local shops, public transport, and everyday amenities. This proximity ensures convenience and connectivity, adding value to future developments or end use.

Ideal for developers, investors, or purchasers seeking a substantial residential site with strategic advantages, this offering presents a rare chance to secure a sizable parcel within an established and accessible Brisbane southern suburb.

Two substantial vacant blocks totaling 3,245sqm (1,626sqm + 1,619sqm)
Potential townhouse development or subdivision subject to approvals
Close to local shops, public transport, and essential amenities
Located within reputable school catchments including Upper Mount Gravatt State School and Macgregor State High School

This property’s scale and location offer clear appeal for those looking to undertake significant residential development or long-term investment in an established community setting.

Local Market Insights

In Macgregor, Quiet Listings observed 30 new houses entering the market over the last 30 days, up from 28 during the previous 30-day period, with an average advertised asking price of $1,628,967. The property type mix of listed properties is predominantly Houses at 73%, followed by townhouses (18%), and units (2%). The most active agency for houses in the Macgregor area is currently Ray White, representing 43% of new listings, followed by LJ Hooker with 23%. 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.