20 Delacy Street, North Ipswich QLD 4305

Heritage character on 885sqm | 3 bed 2 bath with ensuite | Bushfire and flood overlays present | Quiet green pocket North Ipswich This property offers a rare combination of colonial-era character and functional modern layout on a generous 885sqm lot, where the 18% site coverage leaves substantial under-house space for workshop or storage. The master suite with walk-in robe and ensuite, high ceilings, and natural light make it immediately livable without requiring cosmetic work, which strengthens a buyer’s negotiating position against renovated comparables. It serves best a buyer seeking long-term hold in a quiet, owner-occupied street (67% owner-occupied) with school catchment stability, where the heritage overlay adds scarcity value without imposing known restrictions. The bushfire and flood overlays are the primary risks, requiring due diligence on insurance costs and potential resale pool narrowing, particularly given the 2011 withdrawal history. The 2009 purchase price is now stale, but the $760,000 sale of 21 Delacy Street (smaller lot, fewer bathrooms) provides a floor for value discussion. Rental potential at $575–$695 per week supports a hold strategy if purchase price is negotiated below the $920,000 estimated value. Use this property as a character-driven family home or a long-term hold with rental buffer, not a quick flip.