40 Monash Road Tarragindi QLD 4121

Large land holding with development potential | Mid-century home in original condition | 3215sqm battle-axe block | Schools within 1.3km This four-bedroom house sits on a substantial 3215 square-metre battle-axe block in Tarragindi, offering families or investors a property where land value and development optionality appear to be the primary drivers of appeal. The property’s core attraction lies in its acreage rather than the dwelling itself. The house is described as a single-level mid-century home in mostly original condition, with functional layout, timber and brick detailing, and a living room featuring fireplace and air-conditioning. However, the real story is the land. At over three-quarters of an acre, the block presents multiple use scenarios: retention as a large family home with extensive grounds, renovation of the existing structure, or potential subdivision or redevelopment subject to local council approval. The large lot size is genuinely rare in this locality, making it attractive to buyers seeking either lifestyle space or development upside. Contextually, the property occupies a middle ground between established residential and potential development opportunity. It sits within walking distance of Tarragindi Village’s local shops and dining, Toohey Forest trails, and both Wellers Hill State School and Holland Park State High School, which typically appeals to families prioritising educational access and suburban convenience. Bus access within 50 metres and proximity to the Pacific Motorway add practical commuting value. A recent comparable sale at the same address in June 2025 recorded a sale price of 2 million dollars against an asking price of the same, suggesting the market has accepted current pricing expectations for this category of property. The estimated rental return of around 900 dollars per week indicates the property could service debt moderately if held as an investment. Buyers attracted to this property tend to be either established families seeking larger blocks with school proximity, or strategically-minded investors with patience for longer-term land appreciation or development rights. Properties of this scale in established suburbs near quality schools and transport typically hold value through economic cycles, though realisation of development potential depends entirely on future planning policy and approval frameworks.