BIG BLOCK, BIG POTENTIAL -Prime Development Opportunity

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256 Wynnum North Road, Wynnum QLD 4178

In Room Auction Saturday 14th November At 2:00pm

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$1.05M - $1.16M Low Confidence Calculated based on limited search observations.

House 3 Beds 1 Bath 2 Cars 888 m²

Listed: 3 days ago

Overview

This property at 256 Wynnum North Road offers a unique and substantial 888 square meter parcel of land in the sought-after Bayside suburb of Wynnum, presenting a prime opportunity for developers, renovators, investors, or land bankers.

At its core is a modest three-bedroom house that, while functional, offers considerable potential for renovation and rejuvenation. This home sits on a generous allotment, allowing buyers with vision to explore a variety of possibilities beyond its current footprint.

Developers will find promise in the sizeable landholding, though any redevelopment plans will be subject to local council approval and planning requirements.
Renovators can roll up their sleeves to transform and add personal touches to the existing three-bedroom residence, potentially enhancing both utility and value.
Investors benefit from securing a sizeable land parcel in an established area with a strong potential for capital growth and value-add opportunities over time.
Land bankers can consider the long-term advantages of owning a substantial parcel in a well-regarded Bayside location.

Practicality is further enhanced by the property's easy access to public transportation with rail and bus links directly to Brisbane's CBD, plus connectivity to critical infrastructure including the Port of Brisbane, Gateway Arterial, and Brisbane Airport. The local amenities nearby include Wynnum CBD, children's playgrounds, restaurants, cafes, shopping precincts, and the scenic Wynnum foreshore featuring walking and bike paths extending towards Lota. Manly Harbour Village, with its own attractions, is also within convenient reach.

This property stands as a blank canvas for those looking to capitalize on a prime Bayside block, whether their plans are to renovate, develop, invest, or hold for future potential. Its location, land size, and access to transport and amenities make it a worthwhile consideration for a variety of buyers.

Interested parties are encouraged to inspect and explore the possibilities this offering presents, with an upcoming in-room auction scheduled, underscoring the strong interest this property is expected to attract.

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Local Market Insights

In Wynnum, Quiet Listings observed 33 new houses entering the market over the last 30 days, up from 20 during the previous 30-day period, with an average advertised asking price of $1,313,788. The property type mix of listed properties is predominantly Houses at 61%, followed by townhouses (18%), and apartments (13%). The most active agency for houses in the Wynnum area is currently Harcourts, representing 36% of new listings, followed by Place 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.