1 Pacey Street Gympie QLD 4570

Large 1621m² block|Est. value $603k|Rental yield ~$490pw|Listed $625k | 2-bed house on double block size. This two-bedroom house on a 1621m² block suits downsizers or investors eyeing land potential in a school catchment area. The generous land size sets it apart, offering scope for extensions, a pool, or even subdivision subject to council approval, while the modest 167m² building footprint leaves ample open space. Positioned in Gympie’s residential zone with no flood or bushfire overlays, it avoids common regional risks that deter buyers. Its street context likely features similar modest homes, but this property’s oversized lot elevates its appeal for those seeking breathing room without venturing rural. Buyers drawn to such holdings are often retirees consolidating or first-time investors chasing steady rental returns around $490 weekly. Comparable two-bedroom houses on larger blocks here have seen values more than double since the 2018 sale at $232,600, reflecting land-driven appreciation. The low 10% building coverage underscores untapped potential, supporting long-term holding as Gympie’s steady growth bolsters land values. Reliable NBN and 5G coverage further enhances its practicality for remote work or tenant appeal. Overall, its scale provides a buffer against market dips, positioning it well for patient owners.