Back 44 Alderwood Street
Off Market

44 Alderwood Street

Acacia Ridge QLD 4110

3
1
1
615 m²
House
Last sold for $650,000
Zac DaynesZac Daynes, last sold this property on 06 August 2022 after 23 days on market.

Overview

Rare LMR Corner Splitter

This retro beauty is a property with outstanding potential, presenting the opportunity to secure a rare, corner parcel of land zoned Low Medium Residential (LMR). A flat and elevated, 615sqm parcel of land with a tidy home this is an investment that would achieve a solid yield in the short term, and outstanding growth into the future. The perfect property for the savvy investor or homeowner, this investment offers both a great rental or family home, and amazing long-term growth potential. The zoning of this block presents the option to subdivide into two lots or develop into units or townhouses (subject to council approval). Currently on the site is an almost original home for the area, brick and lowset design. The kitchen and bathroom are dated, but under the lino and carpets is the beautiful hardwood flooring these homes are renowned for and loved by renovators. The three bedrooms are full of natural light and the bathroom is spacious. The home is of solid construction, and would be a great live-in project should the property be purchased as a home. The established gardens and beautiful entertaining spaces would make this a comfortable and easy property to call home. In addition to homeowners looking to purchase, investors looking to land bank and tenant the home will see strong demand from prospective tenants looking in the area. The appraised value of the property, as is, would be approximately $450 per week, however with a few cosmetic improvements and upgrades the yield would be greater. The Acacia Ridge area is a fantastic pocket, popular for investors seeking long-term growth in an area with great proximity and accessibility, this property offers potential plus to the lucky future owners. Auction On-Site Sunday 10am 7th August 2022

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
615 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Acacia Ridge over the last 12 months, the estimated median property value of 44 Alderwood Street is $920k.

Median value
$920k
Estimated value range
$685k - $1.73m
Median days on market
23
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Acacia Ridge. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 44 Alderwood Street

2025
Rented
Undisclosed
Leased on 23 Jan 2025 by Wilson Property Group Australia
2022
Sold
$650,000
Auction Sale on 06 Aug 2022 by Zac Daynes

Happy sellers in Acacia Ridge

90%
90% of sellers in Acacia Ridge reported that their sale price either exceeded or met their price expectations.

Acacia Ridge stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 37 reviews in Acacia Ridge over the last 12 months.

Local market activity for 3 bedroom houses in Acacia Ridge

In the last 12 months, 67 three-bedroom houses similar to 44 Alderwood Street, have been sold.

This represents a 26% increase in three-bedroom houses sales when compared to the previous 12 months.

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