I am now exposing one of the best kept secrets in Coalfalls, this property has huge money making capabilities. Massive potential to improve the property itself and sub divide the remaining land. Preliminary council investigations indicate that you could possibly subdivide the back block in to
separate blocks (depending on where you access it) while retaining the charming character home at the front on its own parcel of land. ideal property to "Land Bank",collect the rent and watch your capital grow.
This parcel of land is massive, it spans back past 7 neighbours blocks, approx. 170 meters deep and has a wide frontage of 30meters. The 2nd best kept secret is the property beside it also for sale, offering another 1,285 sqm. Yes they are both owned by the same owner so the chance to purchasing 6,419 sqm of land smack in the middle of Coalfalls will possibly never be available again.
The property itself is a charming character home with front and side open verandahs, dating back to 1900's. All the charm you ever hoped for, you just can't beat the character of these classic Ipswich timber dwellings.
Three good sized bedrooms, large separate lounge room and separate dining room. The bathroom was recently redone and the federation styling suites the period of this property. The country style kitchen also works well. Some major money also spent on the new roof and verandah roof supports.
The fenced off yard also has a bush styled in-ground plunge pool plus a handy double bay shed to park cars or use as a workshop. Currently renting for $280 a week. (Same tenant for past 7 years)
Close to Ipswich CBD and major shopping centres. “Riverlink” and Brassall Shopping Village, plus Primary and high schools are just a short drive away.
True period charm in prime position with the massive 5,134m2 block and affordably priced, what more could you want. This is definitely a hot property... so don't delay, as development properties don't stay on the market for long.
