17 Connolly Street, Allenstown QLD 4700

967 sqm block | 3-bed lowset in Allenstown | 249 sqm build | school catchment advantage The property’s primary buying case rests on its unusually large 967 sqm lot in a central Allenstown position, where such land depth is becoming scarce. The 249 sqm building footprint is generous for a 3-bedroom house, giving a buyer rare expansion or subdivision optionality without needing to move. Built-in robes, air conditioning, and a dishwasher are standard but confirm the house is liveable from day one, which matters for owner-occupiers wanting to avoid immediate work. The property sits within Allenstown State School and Rockhampton State High School catchments, a practical advantage for family buyers and a stabilising factor for long-term holding. For a buyer seeking a home with land leverage in a tightly held suburb, this configuration is competitively positioned. The principal risk is the property’s age and condition are not disclosed, meaning latent maintenance costs could absorb the value of the land upside. The 56-day selling cycle on the last transaction suggests pricing sensitivity in this segment, so a buyer should not overpay for the block alone. The opportunity lies in the zoning and absence of flood or bushfire overlays, which reduce holding risk and improve redevelopment feasibility. Hold this property for land appreciation and rental yield; only renovate if the cost per square metre stays below the suburb’s median.