Open Home Saturday 11th July 2026 - Please register your interest prior to attending.
The Ultimate Value-Add Opportunity Near Limestone Park
Offered to the market for the first time in over half a century, 1 Fifer Street presents an extraordinary, blue-chip opportunity for astute investors and visionary renovators. Perched in a tightly held, elevated pocket of Eastern Heights, this grand, character-filled Queenslander boasts sweeping views and unparalleled potential.
Currently configured as four individual, fully leased flats, the property provides immediate, reliable holding income while you plan your next move. Whether your goal is to landbank a high-yield asset or undertake a breathtaking restoration back to a magnificent single-family estate, the upside here is immense.
Property Highlights:
- Prime Elevated Position: Situated in a highly sought-after street just moments from the iconic Limestone Park, offering beautiful elevated breezes and views.
- First Time Offered in 50 Years: A rare generational asset with a proud history, ready for its next chapter.
- Immediate Income Stream: Configured as 4 self-contained, fully rented flats generating a gross return of $57,720 per annum.
- Grand Architecture: Classic Queenslander features including traditional VJ walls, high ceilings, verandah space, and timeless character details waiting to be revived.
- Features synonymous with Brockwell-Gill architecture, although the homes origins unconfirmed.
- Blank Canvas Potential: The home is in need of renovation and repair, offering the ultimate reward for those willing to roll up their sleeves and restore it to its former glory.
Location & Lifestyle
Eastern Heights remains one of Ipswich's most desirable suburbs, prized for its character homes, proximity to top-tier schooling, cafes, and medical precincts. With Limestone Park practically on your doorstep, you have premier sporting facilities, walking tracks, and green space just a short stroll away.
Auction Details
Date: Saturday, 18th July 2026
Time: 12:00 PM On-Site
Note: This property will be sold at auction unless sold prior.
Bring your toolbelt, your architect, and your imagination. Properties of this scale, position, and income capacity are virtually unheard of in today's market. Inspect today and secure your future project!
Disclaimer:
NGU Real Estate | The Kimmorley Group has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
