A rare and lucrative development opportunity in coveted Chelmer, this expansive corner block of over 1400m², presents multiple exciting possibilities for the astute buyer to maximize return in a land-scarce market. Options include potentially developing the land into three street-facing blocks - creating two 450m² allotments and relocating the existing house to a 567m² corner lot, preserving a beautiful piece of pre-war charm while unlocking the value of the land.
The existing dwelling offers substantial appeal, whether you choose to rent it out while you plan your development or undertake a magnificent renovation. The home retains charming design elements like VJ walls, high ceilings, polished timber floors, French doors and breezeways. The current 5-bedroom, 3-bathroom layout with multiple living zones already offers ample family accommodation, complete with modern comforts like split-system air conditioning, ceiling fans, updated bathrooms and a contemporary kitchen with extensive storage.
With a solid home already in place, this opportunity will provide immediate rental income or comfortable living while plans are finalised. This is a rare find – a single title with scope to create up to three street-facing lots (STCA), supported by pre-prepared plans and documentation.
• Rare development potential - single lot on a 1467m2 corner block in sought after location
• Subdivision potential to develop into three street-facing lots
• Relocation/renovation option - relocate the current dwelling onto a 567m² corner lot and create two further lots each 450m² lots
• Renovation opportunity - 5-bedroom, 3-bathroom layout including master suite, multiple living areas, a study and a two-sided verandah
• Pre-war property with high ceilings, VJ walls, sash windows and polished timber floors
• Live in or rent out the existing home while pursuing development plans
• Documentation - Pre-work, proposed plans and documentation are available for review
Chelmer delivers an unmatched blend of convenience and lifestyle. Take a relaxing stroll to nearby parklands or explore Graceville’s Honour Avenue dining and shopping precinct. Graceville State School and Christ the King Primary are both within an 850m radius for an easy walk or cycle to school. Bus routes and Chelmer train station are just a 5-minute walk away. Major retailers at Indooroopilly Shopping Centre area are 2km away, while Indooroopilly State High, St Aidan’s Anglican Girls’ School and St Peters Lutheran College are in easy reach.
