Property Details at a Glance:
- Built In 1952
- Zoned Medium Density
- 112m² Home on 1,013m² Block
- Council Rates - $743.25/Quarter
- Water Rates - $207.08/ Plus Consumption
- Rental Appraisal $470- $490/ Per Week
Medium Density Zoned Holding in North Booval - Split Into Two or Build Up to Five Townhouses, Subject to Council Approval
A genuine developer and investor play in one of Ipswich's most convenient inner suburbs. This classic low set weatherboard home sits on a medium density zoned parcel with wide side access and a broad frontage, offering three clear paths forward: subdivide into two separate blocks, pursue a multi dwelling townhouse development of up to five dwellings, or simply land bank and rent while the surrounding area continues to gentrify. All development outcomes are indicative only and remain subject to Ipswich City Council approval.
The opportunity here is in the zoning. Medium density residential zoning is what allows the site to be considered for a two lot split or a small scale townhouse project, and sites of this size in established, close to town suburbs are increasingly difficult to secure. North Booval already carries the infrastructure a project of this scale wants - established services, sealed road frontage, public transport, schools and the Booval retail precinct all within easy reach, and Ipswich CBD only minutes away. Buyers are encouraged to undertake their own due diligence with Council and a town planner to confirm development potential, yields and approval pathways.
Critically, this is not a site you have to develop on day one. The existing home is comfortable, tenantable and returns income while you plan, lodge and wait. A current rental appraisal of $470 to $490 per week means the holding cost is substantially offset from settlement, allowing you to run the approval process, time the market, or hold long term for capital growth with a tenant paying down the carry. Land bank with income, then develop when the numbers and the timing suit you.
Beyond the front door, the home itself has real appeal for a tenant or owner occupier. A covered front balcony with timber steps and decorative metal railings opens into a generously sized main living area showcasing polished timber floorboards and an impressive amount of space. Multiple windows draw in natural light while split system air conditioning provides year round comfort, and the elongated layout easily accommodates separate lounge and dining zones. The bedrooms continue the traditional character with polished timber flooring, high ceilings, neutral interiors and excellent natural light. At the heart of the home, the spacious U shaped kitchen delivers generous bench space, abundant cabinetry and full height pantry storage, equipped with an electric cooktop, built in oven, rangehood, stainless steel dishwasher and double bowl sink.
A few steps down, the rear utility and laundry area offers a laundry tub, washing machine connections, an electric hot water system and direct backyard access. The bathroom features a shower over bathtub with glass screen, adjustable shower head, vanity storage and wall mounted mirror, with a separate toilet for everyday convenience. Outside, the expansive and predominantly level backyard is the real asset - an outstanding expanse of open lawn framed by established shade trees, with a Hills Hoist, freestanding timber garden shed and wide side access suitable for vehicles, trailers or machinery.
Perfectly positioned within minutes of everything that makes this pocket work for both tenants and future residents.
Location Highlights:
- Booval Fair shopping precinct and Booval train station close by
- Established local schools and childcare within the immediate area
- Ipswich CBD, Ipswich Hospital and Riverlink only minutes away
- Direct access to the Ipswich Motorway for Springfield and Brisbane commutes
Sites like this - zoned, serviced, income producing and genuinely developable - do not present often in North Booval. Whether you split it, build on it, or hold it and let a tenant carry it, the upside is written into the land. Contact the agent today to arrange your inspection and request the due diligence pack.
Property Features:
- Medium density residential zoning
- Broad frontage with wide side access
- Potential to subdivide into two separate lots, subject to council approval
- Potential for up to five townhouse dwellings, subject to council approval
- Current rental appraisal of $470 to $490 per week
- Classic low set weatherboard home, Colourbond roof, established hedging
- Polished timber floors, high ceilings, split system air conditioning
- Large U shaped kitchen with dishwasher, electric cooktop and built in oven
- Bathroom with shower over bath plus separate toilet
- Expansive level backyard, established trees, freestanding timber shed
- Liveable and tenantable as is, with clear scope to renovate and add value
Location Highlights:
- Directly Opposite Jack Barkley Park
- 1 Minute Drive To The Nearest Bus Stop
- 3 Minute Drive To Ipswich East State School
- 4 Minute Drive To Booval Train Station
- 5 Minute Drive To Booval Fair Shopping Centre
- 5 Minute Drive To ALDI Booval
- 6 Minute Drive To Ipswich Girls' Grammar School
- 7 Minute Drive To Riverlink Shopping Centre
- 8 Minute Drive To Ipswich CBD
- 9 Minute Drive To Ipswich Hospital
Offering approved plans for five townhouses and the ability to split the 1,013m² allotment into two blocks, this character filled property combines exceptional development potential with wide side access, spacious living and a convenient location near shops, schools, transport and Ipswich CBD.
Listing Agents:
Daniel Parsons & Trevor Nita
The Danny P Team – NGU Real Estate Ipswich Central
Don't be disappointed - Call Daniel now: 0466 461 772
Results Speak Louder Than Words.
Disclaimer:
NGU Real Estate Ipswich Central has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.
