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Around 300 people currently have 32 Alexander Street, Zillmere, in Queensland on their watchlist.
A fire damaged Brisbane house listed for sale at offers over $749,000 is drawing solid interest as property demand in the Queensland capital continues to rage.
Real estate agent Mel Holloway of Image Property Brisbane Northside has the house listed for sale now at offers over $749,000, naming it as “an exceptional opportunity for developers and investors seeking a versatile site with a highly convenient location”.
The five bedroom house just 15km from Brisbane CBD has coveted dual street access into Alexander Street and Grant Street, and is being sold as is, having sustained extensive fire damage late last year.
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The back of the house sustained extensive fire damage late last year.
32 Alexander Street has coveted dual street access and potential as a knockdown rebuild project.
The 607sq m block property was listed on realestate.com.au as “an ideal blank canvas for new projects or significant restoration”.
“I’ve got over 300 people watching it in the background,” Ms Holloway said. “I’ve had 46 inquiries and 22 through the open home.”
“I’ve got some people currently looking into it a little bit further right now. It is still available at this stage.”
The fact that there was interest despite the fire was not a surprise, she said, given the location 270 metres to Zillmere Train Station, proximity to the CBD, local shops and amenities.
The property is just 15km from Brisbane CBD.
“It doesn’t surprise me because it’s got two street access, so it really is the land. To find a block of land with two street access is pretty rare.”
“There’s a lot of development in Zillmere, there have been other knockdown rebuilds just in Grant Street behind the property. It is a good spot.”
The block is zoned residential, with Ms Holloway encouraging all interested parties to do their due diligence over what its potential is.
“If it was 200 metres to the train station, you would absolutely be able to split it down to 300sq m, but because it’s 270 metres away, it is a little bit grey.”
Looking across the neighbourhood.
“If somebody’s got the skill set that they can get a structural engineer in and potentially save some of it, that’s great for them. But as far as land goes, I see the value there when you see what a vacant block of land is going for in Brisbane.”
PropTrack’s automated valuation model put the median unit price in Zillmere at $622,014 for the year to December, with prices up 28.6 per cent annually, while the median house was $877,134, rising 15.1 per cent in 2024.
“Buyers are encouraged to consult local authorities for zoning regulations and development requirements,” the listing said.
The property is open for inspection at 32 Alexander Street at 5.15pm on Thursday January 23.
