Positioned on an elevated, north facing 607m² allotment approximately 2.5km from Brisbane's CBD, 41 Gresham Street presents a rare inner city opportunity with exceptional long term upside. This solidly built post war home is genuinely liveable as is, offering immediate comfort while holding the kind of land size, frontage and location that rarely comes to market. Whether you choose to renovate, extend, or build your dream home, the possibilities are exceptional.
Adding even greater appeal, the property comes complete with current Development Approval (DA) for a stunning new five bedroom, three bathroom residence, allowing buyers to fast track their future plans while enjoying the flexibility to live in or lease the existing home in the meantime.
Full of character, the home offers generous proportions, abundant natural light and a functional family layout that works well right now. For buyers not ready to build immediately, it presents a comfortable, move in ready base, with the added confidence of knowing a rare, near city knockdown and rebuild opportunity is already in place.
The central living, dining and kitchen zone flows to a north facing sunroom, capturing beautiful natural light throughout the day. A large rear rumpus room provides valuable second living space, ideal as a media room, children's retreat or additional family zone.
Accommodation includes three well sized bedrooms, serviced by two bathrooms. An expansive carport sits at the front of the home, while the lower level offers extensive, secure, fully concreted storage, ideal for trades, hobbies or additional household use.
Designed for relaxed Queensland living, the outdoor area is a standout feature. A spacious covered alfresco overlooks the private swimming pool and leafy backyard, creating a peaceful, private setting for entertaining or everyday family life.
Few properties offer this level of flexibility. Live in it as is, update it over time, extend to create a substantial inner city residence, or take advantage of the existing DA approval and build the approved five bedroom, three bathroom luxury home. Buyers may also explore alternative designs, subject to the relevant approvals. The generous 15.1 metre frontage and 607m² allotment provide an exceptional foundation for creating a premium family residence.
Importantly, because the home is comfortably liveable or readily leasable today, holding costs can be minimised while future plans are finalised, a rare combination of present day liveability, approved future potential and long term development upside in one tightly held address.
Positioned within walking distance of Anglican Church Grammar School (Churchie), Mowbray Park CityCat terminal, local bus services, riverside parklands, shopping precincts and the Gabba entertainment district, the location delivers outstanding lifestyle convenience, with Brisbane's CBD just minutes away.
The property is also well positioned to benefit from long term infrastructure investment associated with the Brisbane 2032 Olympic and Paralympic Games, including upgrades to transport networks, precincts and urban amenity, further strengthening long term growth fundamentals across Brisbane's inner east.
A liveable post war home with this land size, 15.1 metre frontage, current DA approval and blue chip inner city position is becoming increasingly rare. Opportunities like this offer immediate lifestyle appeal with outstanding future potential.
