From a Family Home to a Development Opportunity

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

5 Albar Street, Wavell Heights QLD 4012

$2,050,000

Search Band Search Visibility Band

$2.05M - $2.15M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 2 Baths 4 Cars 1242 m²

Listed: 2 days ago

Updated: 14 hours ago

Overview

Located in the established Brisbane suburb of Wavell Heights, this substantial property offers a unique blend of living comfort and significant development potential. Spanning over 1,242 square metres of land, the site not only boasts a spacious family home featuring three bedrooms, two bathrooms, and parking for four vehicles, but also presents opportunities for future redevelopment subject to council and planning approvals.

The property appeals particularly to those seeking a strategic investment: the existing home can be retained as a rental, providing income during the planning and approval phase while giving flexibility to explore potential development options. This approach combines immediate usability with long-term asset growth prospects, making it suitable for investors or families with a vision for the future.

Beyond mere dimensions, the land's location within a premier area known for its community amenities and accessibility underscores the value of holding such a sizeable allotment. Whether viewed as a family residence with ample space and functionality or as a foothold for a carefully planned development project, this property provides a strong foundation for varied real estate objectives.

Overall, it represents a considered balance of lifestyle and long-term value, making it an attractive opportunity for buyers aiming to capitalize on the Brisbane market’s ongoing evolution.

Local Market Insights

In Wavell Heights, Quiet Listings observed 22 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $2,167,265. The property type mix of listed properties is predominantly Houses at 36%, followed by units (25%), and apartments (20%). The most active agency for houses in the Wavell Heights area is currently Place, representing 36% of new listings, followed by Ray White 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.