$465,000
Bed
3
Bath
1
Car
1
- Property ID 21501260
- Bedrooms 3
- Bathrooms 1
- Garage 1
- Land Size 1209 sqm
- Rental Return $440 Weekly Actual
- Council Rates 1950 Annually
- Built In Robes
- Fully Fenced
- Secure Parking
- Shed
- Water Rates $746 Yearly
APPROVED SUBDIVISION - 1209m² with Rare Dual-Block Potential + Rental Return
A rare offering in the heart of Crows Nest - this spacious 1209m² property combines charm, income, and long-term potential for homeowners, investors, and developers alike.
With Development Approval and Operational Works already in place, the site is ready to be split into two generous 608m² blocks. Unlike most properties in the area, this block benefits from access to an adjoining easement, enabling subdivision that would not otherwise be possible.
The existing 3-bedroom chamferboard home is solid, full of retro charm, and ready to renovate, lease, or replace. Currently tenanted at $440/week until January 2026, it provides secure income while you plan your next move - or makes a warm and welcoming base for those wanting to settle in with room to grow.
The opportunities:
Renovate and enjoy the lifestyle of a large backyard
Move and renovate on the rear lot and build new on the front lot (duplex potential STCA)
Remove and build your dream home - or two new dwellings
Subdivide and sell or develop
Landbank a rare property with future upside
Other key features
6x7m shed + 2x4m storage building
Flat, easily accessible block
Whether you're seeking a forever home with space, a project with strong returns, or a strategic landholding, this is a rare find in a tightly held area.
- Walk to cafes, shops, schools & services
- Subdivision & Operational Works approved
- Rare easement access - subdivision-ready
- Tenanted at $440/week until Jan 2026
Contact Doug Allen today to inspect or learn more about this high-potential opportunity.
