79 Off Lane
South Gladstone, QLD 4680

Overview

Develop, Renovate or Hold

Situated on a flat 952 square meter block zoned for medium density, this property is centrally located in South Gladstone, offering excellent potential for development, renovation, or holding as an investment. The location is highly convenient, within walking distance to local shops, schools, pubs, and restaurants, making it an attractive option for families and investors alike.

The property is a classic Queenslander-style home with solid construction and character. It features three generously sized bedrooms and a wrap-around verandah that has been converted into a sleepout, adding to the living space. Inside, the home boasts beautiful timber flooring throughout, particularly noticeable in the kitchen and dining areas, which adds warmth and charm.

The house is elevated with a high-set design, providing additional space underneath that includes a laundry and extra storage options. This layout is typical of traditional Queensland homes and offers practical benefits such as improved ventilation and protection from flooding.

There is easy side access to the extensive backyard, which enhances the property's usability and potential for outdoor activities or further development. Although the previous development approval for four three-bedroom units has expired, it indicates the property's potential for future expansion or redevelopment, subject to obtaining new approvals. Alternatively, the property could be converted into a duplex or simply renovated and held as a solid investment.

• Prime location central to schools and amenities
• Medium density zoning on a 952 square meter block
• Three bedrooms plus a sleepout and one bathroom
• Convenient side access to a large backyard
• Expired development application for four units, offering redevelopment potential
• Traditional high-set Queenslander design with timber flooring

Annual rates are approximately $4,242.25, and the property has a rental appraisal between $350 and $370 per week, reflecting its investment appeal. This is a motivated sale opportunity for buyers looking to capitalize on the location and development possibilities.

Location