3 Randall Street Newtown QLD 4305

708m² block |1925 Queenslander |Est. $882k value |Listed $899k | 96m² build offers family scope. This three-bedroom house on a 708sqm lot suits downsizers or young families drawn to character homes with school proximity. Built in 1925, its compact 96m² footprint leaves ample land for extensions or outdoor living, a practical edge in a street of similar period dwellings. The low 14% building coverage underscores redevelopment potential without zoning hurdles, appealing to buyers eyeing value-add plays. Quiet street positioning enhances liveability, fitting neatly among Newtown’s established homes where families prioritise space over sprawl. Properties like this typically draw steady interest from locals upgrading within Ipswich, with estimates clustering around $830k-$910k reflecting recent comparables. Its last sale in 2022 positions it for capital growth in a market favouring larger lots amid tightening supply. Single bathroom limits immediate move-in appeal but aligns with renovation buyers who see long-term hold value in the generous allotment. Solar panels and NBN add modern functionality, bolstering rental yields near $565pw for investor patience. Overall, the land bank here underpins enduring market resilience.