29 Deagon Street, Sandgate QLD 4017

773m² Queenslander | side access | 4-bed potential | auction 23 May This property offers a rare combination of scale and positioning: a 773m² freestanding Queenslander in a bayside suburb where 90% of streets are owner-occupied and turnover is low. The side access, 5-car parking, and 37% building coverage signal genuine redevelopment or subdivision optionality, while the 4-bed, 2-bath configuration suits families seeking space without immediate renovation. It serves buyers who value land banking in a stable, family-oriented catchment,Sandgate State School and high school are within 2km,and who can wait for the auction to set the price. The primary risk is the property’s lack of recent sales history and the street’s zero auction clearance rate, which suggests buyer hesitation or overpricing. The estimated value range of $1.22m–$1.66m is wide, and the 2001 purchase date means no recent price anchor. Buyers should budget for potential structural updates given the Queenslander age, and note that flood, bushfire, and heritage overlays are absent, reducing insurance and approval risk. The commercial logic is to acquire at or below the lower end of the value range, then hold for land appreciation or develop the rear via side access. Use this property as a long-term land play in a tight market.