7 Highcrest Avenue, Wavell Heights QLD 4012

7 Highcrest Avenue, Wavell Heights | 751m² dual-access block | 5-bedroom 1970s build | auction 23 May | long-term owner-occupied street This property’s primary buying case rests on its dual street access and large block in a tightly held street where 90% of residents are owners and 79% have lived there long term. That configuration is rare for Wavell Heights and gives a buyer positional leverage for future subdivision or a dual-living layout, while the 5-bedroom floor plan with a resort pool and triple garage already commands a premium rental yield of $1,150–$1,415 per week. It suits a family seeking space and school proximity, or an investor who values low turnover risk in a catchment with Wavell Heights State and High Schools within 1km. The main risk is the 1970 build age and 47% building coverage, which limits extension options without council approval and may require near-term roof or solar system maintenance. The auction format on 23 May compresses due diligence, and the last sale in 1994 means no recent price anchor for negotiation. The opportunity is to secure a dual-access block in a no-overlay zone,buy below the $2.31m central estimate, hold for land appreciation, and consider a future rear-lot subdivision or granny flat development as the street’s ownership profile shifts.