2,166m² Medium Density Residential Site | DA Approved | Opposite Train Station | Walk to Major Shopping*
Positioned in the heart of North Booval, this outstanding development opportunity combines an existing Development Approval for 16 apartments, completed architectural plans and an unbeatable location within one of South East Queensland's key growth corridors.
Spanning an impressive 2,166m²* across two adjoining properties at 151153 Jacaranda Street, North Booval, this site offers developers and investors a rare opportunity to capitalise on an established residential catchment with excellent connectivity to public transport, shopping, schools and the Ipswich CBD.
With the hard work of securing development approval already undertaken, purchasers can explore an accelerated pathway to construction while benefiting from the flexibility of an alternative townhouse development concept (STCA).
THE OPPORTUNITY AT A GLANCE
- 2,166m²* combined landholding
- Development Approval in place for 16 apartments
- Medium Density Residential zoning
- Architectural designs completed by Carolyn McLean Architect
- Approved configuration comprising 14 three-bedroom, two-bathroom apartments and 2 accessible ground-floor apartments
- Potential alternative townhouse development of approximately 812 dwellings (STCA)
- Two existing residential dwellings offering holding income potential
- Prime position opposite Booval Train Station
- Walking distance to major shopping, schools and everyday amenities
- Located approximately 3km from Ipswich CBD
DA APPROVED YOUR NEXT DEVELOPMENT OPPORTUNITY
Opportunities to secure substantial, DA-approved residential development sites in established, well-connected locations are increasingly sought after.
The existing approval for 16 apartments, supported by a completed architectural design package, provides a valuable head start for developers looking to streamline the planning process and progress towards project delivery.
Key advantages include:
- Established development approval for a 16-apartment project
- Potential reduction in planning timeframes and associated consultant costs
- Reduced initial planning uncertainty
- Strong apartment yield across a substantial landholding
- Excellent appeal to investors, downsizers and owner-occupiers
- Convenient access to rail transport and essential services
For developers seeking flexibility, the site's zoning and generous land area may also lend themselves to an alternative townhouse development, subject to relevant approvals and Council requirements.
INDICATIVE DEVELOPMENT FEASIBILITY
The approved apartment concept presents the following preliminary feasibility assumptions:
- Gross Realisation Value (GRV): $10.0M $11.2M
- Indicative Construction Costs: $6.0M $7.2M
- Indicative Residual Land Value: $1.45M $1.95M
These figures are indicative only and are provided as a preliminary guide. Purchasers should undertake independent feasibility assessments, including all construction, infrastructure, professional, finance, holding and statutory costs.
LOCATION, LOCATION, LOCATION!
Positioned for convenience and connectivity, 151153 Jacaranda Street places future residents within easy reach of everything they need.
Approximate distances:
- 50m Booval Train Station - just one short train ride directly into Brisbane!
- 200m ALDI Supermarket
- 600m Booval Fair Shopping Centre
- 3km Ipswich CBD
With nearby schools, childcare centres, medical services, public transport and retail facilities, the location offers an attractive lifestyle proposition for future residents.
The site's proximity to rail infrastructure is particularly appealing for commuters seeking convenient access to Ipswich, Brisbane and surrounding employment hubs.
TWO EXISTING HOMES HOLDING INCOME POTENTIAL
An additional advantage is the presence of two established residential dwellings, providing opportunities for rental income while future development plans are progressed.
151 Jacaranda Street, North Booval:
- Four bedrooms, One bathroom plus additional toilet
- Single carport
- Currently tenanted at $410 per week on a periodic agreement
- Indicative rental appraisal of $450$465 per week
153 Jacaranda Street, North Booval:
- Two bedrooms, One bathroom
- Lock-up shed
- Currently vacant
- Near-new ride-on mower included in the sale
The existing improvements provide flexibility for investors considering a staged development approach or a longer-term landholding strategy.
OUTGOINGS
151 Jacaranda Street
- Council Rates: Approximately $605.65 per quarter
- Water Charges: Approximately $326.46 per quarter
153 Jacaranda Street
- Council Rates: Approximately $605.65 per quarter
- Water Charges: Approximately $256.55 per quarter
INVEST IN IPSWICH'S FUTURE
Ipswich continues to emerge as a significant residential growth market in South East Queensland, supported by population growth, relative housing affordability, established infrastructure and ongoing demand for diverse housing options.
North Booval's accessibility, established amenities and proximity to the Ipswich CBD make it an appealing location for medium-density residential development.
Whether your strategy is to deliver the existing approved apartment project, investigate an alternative townhouse concept or secure a substantial landholding with future development potential, 151153 Jacaranda Street presents an opportunity worthy of serious consideration.
SECURE THIS OPPORTUNITY
Development sites offering this combination of land size, existing approvals, architectural design work and immediate access to major infrastructure are not always easy to find.
With Brisbane set to host the 2032 Olympic and Paralympic Games, this presents an exciting opportunity to secure a development site within South East Queensland's rapidly evolving growth corridor. As the region prepares for increased infrastructure investment, improved connectivity and international attention, this property is ideally po
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