DA Approved Apartment Site Opposite Rail | Walk to Major Shopping | Ipswich Growth Corridor
This exceptional development opportunity offers a rare combination of an existing Development Approval for 16 apartments, completed architectural design work, Medium Density Residential zoning and immediate access to major transport and retail infrastructure.
Located within one of South East Queensland's fastest-growing residential markets, this development-ready site provides purchasers with the ability to significantly reduce planning risk, minimise holding costs and accelerate project delivery.
KEY DEVELOPMENT HIGHLIGHTS:
2,166m²* Medium Density Residential development site
Existing Development Approval for 16 Apartments
Completed architectural design work by Carolyn McLean Architect
Development-ready opportunity with reduced planning risk
Potential townhouse redevelopment opportunity (STCA)
Stones throw from all amenities - Approximately 50 metres to Booval Train Station, 200 metres to Aldi, 600 metres to Booval Fair Shopping Centre & 3km to Ipswich CBD
Strong surrounding residential catchment
Excellent access to schools, transport and employment centres
Located within a high-growth South East Queensland corridor
DEVELOPMENT READY ADVANTAGE
Approved development sites of this calibre are becoming increasingly difficult to secure throughout the Ipswich region.
The existing approval for a 16-apartment project provides substantial value by reducing:
Planning approval risk
Consultant costs
Holding costs
Approval timeframes
Development delivery risk
For developers seeking a genuine "shovel-ready" opportunity, this site presents an immediate pathway towards project commencement.
The approved apartment development offers:
16 approved apartments (14x 3 bed, 2 bath units & 2x accessible ground floor units)
Strong development yield
Existing architectural design package
Excellent transport-oriented location
Strong owner-occupier and investor appeal
Indicative project feasibility assumptions include:
Gross Realisation Value (GRV): $10.0M $11.2M
Construction Cost: $6.0M $7.2M
Residual Land Value: $1.45M $1.95M
Alternative Townhouse Opportunity
Developers may also consider an alternative townhouse redevelopment outcome (STCA) with potential for approximately 812 dwellings depending on design and Council requirements.
EXCEPTIONAL LOCATION
North Booval continues to attract strong developer and investor interest due to its strategic location, established infrastructure and proximity to the Ipswich CBD. The property is positioned within walking distance of Booval Train Station, Booval Fair Shopping Centre, Aldi, Bus Services, Medical Facilities, Schools and Childcare Centres. The surrounding area continues to benefit from strong population growth, infrastructure investment and increasing demand for medium-density housing.
WHY IPSWICH?
Ipswich is one of Australia's fastest-growing regional cities and continues to experience significant population growth driven by affordability, employment opportunities and major infrastructure investment.
The existing dwellings
151 Jacaranda St:
- 4 beds, 1.5 bath
- Single carport
- Currently tenanted for $410 p/w on a periodic lease
- Rental appraisal of $450 - $465 p/w
153 Jacaranda St:
- 2 beds, 1 bath
- Currently vacant
- Lock up shed
- Near new ride-on mower included in the sale
With increasing demand for apartments, townhouses and affordable housing options, approved development sites in established suburbs are becoming increasingly sought after by developers seeking certainty and speed to market.
For further information, Information Memorandum, Approved Plans, Development Approval documentation or to arrange an inspection, don't hesitate to reach out to Lisa Eichholz on 0421 364 944 or Rob Lindsay on 0431 633 126.
*Approximate only. Purchasers should undertake their own due diligence and rely on their own investigations regarding development potential, approvals and associated matters.
**Disclaimer: All information is provided in good faith and is accurate to the best of our knowledge, but House Property Agents takes no responsibility for any error or omission. Buyers are encouraged to conduct their own enquiries and should satisfy themselves as to all aspects of the property prior to making any purchasing decision.
