76 Mackenzie Street, Mount Lofty QLD 4350

4-bedroom character home | 642m² elevated block | renovated with extension | Toowoomba East catchment This property occupies a strong position in Mount Lofty, where elevated lots with 7m roof height and 645m ground elevation are uncommon. The 324m² built area, with 50% site coverage, provides generous internal and outdoor living space that suits families seeking room to spread out. The renovation by Lamble Builders, combining original character with contemporary finishes, reduces immediate capital outlay for a buyer who values quality workmanship. The outdoor spa and entertainment area, secure parking for three cars, and a dedicated study add functional depth that supports long-term occupancy. The Toowoomba East State School and Toowoomba State High School catchment further strengthens appeal for family buyers. The 2023 sale at $1,160,000 followed by current pricing near $1.7 million reflects significant value-add from the renovation, but the gap to estimated value of $1,744,000 suggests limited immediate upside. The absence of bushfire, flood, or heritage overlays reduces regulatory risk. The property’s 642m² lot size, while generous, is not oversized for the area, and the 50% building coverage limits further expansion. The rental potential of $840 per week offers a modest yield for an investor, but the primary opportunity lies in securing a turnkey family home in a sought-after school catchment with minimal deferred maintenance.