45 Cambridge Street

Rocklea QLD 4106

1012 m²

House

Currently for sale - view listing

Overview

Rare Dual-Site Development Opportunity - Buy One or Secure Both!

49 Cambridge Street - Reduced to $765,000+ A Rare Opportunity: Space, Scope and Serious Upside on 1,012m² At $765,000+, 49 Cambridge Street stands out as one of the best value propositions on the market right now - a substantial highset home on a full, level 1,012m² block, offering space and flexibility that's increasingly hard to find at this price point. Yes, it's an older home and will need some work - but that's exactly what makes it such a compelling opportunity. The existing residence offers three bedrooms plus a study, two bathrooms, generous living and dining areas, and an established timber kitchen with ample cabinetry and bench space. It's a home that already works, with real scope to grow in value as you renovate, modernise or make it your own. A standout feature is the multiple balcony and deck areas, giving you a genuine choice of outdoor spaces to relax, entertain or take in the outlook. Add a large downstairs multipurpose area and a double lock-up garage with extra storage, and you've got a floorplan offering far more usable space than the price suggests. Then there's the land - a full 1,012m² allotment, level and substantial, with an expansive backyard to enjoy now and genuine future potential to explore down the track (STCA). Put simply: this is a property, a price and a block size that rarely line up together. Whether you're after a renovator's project, a long-term hold, or a future development play, 49 Cambridge Street brings the size, the scope and the price to make it work. Features Include: • Level 1,012m² allotment • Highset residence - 3 bedrooms plus study, 2 bathrooms • Generous living and dining areas • Multiple balcony and deck areas • Large downstairs multipurpose space • Double lock-up garage with storage • Air conditioning and ceiling fans • Excellent scope to renovate, modernise and add value • Potential for additional accommodation or future development (STCA) 45 Cambridge Street - Reduced to $745,000+ 1,012m² Block. Endless Potential. One Massive Bonus Room. If you've been searching for a property with genuine size, flexibility and room to move, 45 Cambridge Street deserves a look. Now reduced to $745,000+, this three-bedroom, two-bathroom home sits on a full, level 1,012m² block - options that are getting harder and harder to find. The home itself is straightforward and practical: an open living and dining space forms the hub of the house, with a well-appointed kitchen offering ample storage and bench space alongside it. It's comfortable as-is, and provides a great base for anyone keen to update or put their own stamp on it over time. Step further in and you'll find the real surprise - a huge rumpus room measuring roughly 5.0m x 7.6m. This isn't your average add-on; it's a genuine second living space with the scale to become a media room, kids' zone, home gym, workshop, or whatever your imagination calls for. Built for buyers who think ahead, this property suits those moving in and renovating gradually, families after a substantial block, or anyone exploring the option to add a granny flat down the track (STCA). Property Highlights: • 1,012m² level block • 3 bedrooms | 2 bathrooms • Expansive living and dining zone • Rumpus room approx. 5.0m x 7.6m • Well-equipped kitchen with generous storage • Air conditioning throughout • Strong scope to renovate and add value • Granny flat potential (STCA) This is an older home that will need some work - but that's exactly where the opportunity lies. At $745,000+, it's a genuine chance to profit for buyers or investors willing to put in the effort and unlock this block's full potential. 45 & 49 Cambridge Street - Individually or Combined Two Adjoining 1,012m² Blocks. One Rare Proposition. Rarely does the market offer this much flexibility in one location. Available individually or as a combined holding, these two adjoining properties present a compelling proposition for developers, investors, renovators and land bankers seeking future upside and multiple exit strategies. Positioned side-by-side on a combined land area of approximately 2,024m², both blocks are level and usable, with excellent access and significant redevelopment potential (STCA). Whether you're a first home buyer looking to renovate and hold, a developer working toward a longer-term project, or an investor after a dual-income opportunity, this pairing is worth serious consideration. Development & Investment Potential Option 1 - Secure Both Properties A combined holding of approximately 2,024m² creates a rare development opportunity. Subject to Council approval, options include: • Renovating both existing homes • Subdividing to create a rear allotment of approximately 600-800m² • Constructing a new dwelling on the rear allotment • Retaining, selling or leasing the improved residences and new home separately For a larger-scale project, the combined site may also suit: • Demolition of the existing improvements • Creation of up to four allotments of approximately 500m² each • Resale of vacant lots, or construction of new homes for sale Option 2 - Purchase Individually Each property also stands on its own as an investment. Subject to Council approval, purchasers may consider: • Renovating the existing dwelling • Adding a secondary dwelling or granny flat at the rear • Creating a dual-income investment with strong cash flow potential • Holding for long-term capital growth while earning rental income Flood Considerations Flood history is understandably a key consideration for buyers in Rocklea. Importantly: • Both properties were unaffected in the 2022 flood event • Both experienced only minimal impact in the 2011 flood event Buyers are encouraged to conduct their own flood mapping and development due diligence; supporting information is available in our information pack upon inspection. Location Highlights • Approximately 10km from the Brisbane CBD • Easy access to the Ipswich Motorway and major transport corridors • Close to Rocklea Markets • Convenient access to schools, rail and shopping • Located within a rapidly evolving precinct benefiting from ongoing infrastructure and population growth Buy One, or Buy Both Adjoining 1,012m² allotments with this level of flexibility rarely come to market together. Purchase one to unlock a high-performing individual investment, or purchase both to explore a range of development outcomes with substantial future value potential. NB. All development concepts and subdivision possibilities referred to in this advertisement are subject to Brisbane City Council approval. Buyers should undertake their own independent investigations and obtain professional planning advice prior to purchase. We look forward to welcoming you at one of the upcoming open homes.