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7-9 Valley Road, Wellington Point QLD 4160

Open Tender - MDR - DEV SITE

Search Band Search Visibility Band

$1.5M - $1.6M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 10 Cars 1012 m²

Listed: 3 days ago

Overview

This property presents a unique and substantial development opportunity right in the heart of Wellington Point, a highly sought-after area noted for its accessibility and community atmosphere. Spanning over 1,012 square meters, the land is a significant parcel that offers medium density residential zoning, opening the door to various redevelopment possibilities subject to council approval.

Previously approved plans—though now lapsed—featured a 14-apartment complex across four levels, with extensive parking provision including 30 spaces and visitor bays. This prior development approval underscores the potential that this site holds, providing a valuable reference point for prospective developers and investors.

While the site currently hosts an existing residential dwelling and substantial shedding, its location amidst established homes and emerging developments only enhances its appeal. Conveniently positioned near Wellington Point’s shopping, dining, and transport options, and within easy reach of reputable schools and recreational facilities, it is suitable for investors looking to capitalise on the steady growth of the Redlands area.

Moreover, the accessibility to local amenities such as parks, sporting facilities, and the Moreton Bay foreshore adds lifestyle value that complements the property’s development potential.

Overall, this offering is rare in its scale and zoning, making it a strategic acquisition for developers seeking a residential project in a tightly held, premium location or investors seeking a significant landholding in a growing market. The open tender sale mechanism invites serious offers and provides a platform for buyers to conduct due diligence and propose terms fitting their investment or development aspirations.

Local Market Insights

In Wellington Point, Quiet Listings observed 11 new houses entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $1,367,545. The property type mix of listed properties is predominantly Houses at 63%, followed by townhouses (26%), and units (5%). The most active agency for houses in the Wellington Point area is currently LJ Hooker, representing 36% of new listings, followed by Remax with 18%. 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.