76-78 Cane Street Redland Bay QLD 4165

Subdivision-approved lot | 1012sqm footprint | Waterfront walkway access | $1.04m–$1.38m range This three-bedroom house on a 1012 square metre block with 22-metre street frontage appeals to buyers seeking either a low-maintenance coastal lifestyle or a development opportunity in an established residential area. The property’s primary market signal is its current subdivision approval, which allows the 1012sqm lot to be split into two separate titles while retaining the existing dwelling. This structural flexibility positions the asset differently from standard residential holdings, attracting investor-developers and landbankers alongside owner-occupiers. The wide 22-metre frontage and level terrain support subdivision feasibility, a feature that typically commands a premium in markets where land scarcity drives densification. The estimated value range spans $1.04 million to $1.38 million, with rental yields around $665 per week, suggesting the property trades at a modest premium to comparable houses without development upside. For owner-occupiers, the property offers practical living through a recently refreshed interior, open-plan living, and a large enclosed rear patio that functions as additional utility space. The carport-to-garage configuration and substantial backyard appeal to families wanting flexibility and storage, while the water tank signals self-sufficiency in a semi-rural context. Long-term holding appeal stems from Redland Bay’s demographic trajectory and waterfront positioning; proximity to the shopping centre, golf course, and transport corridors to Brisbane suggests the suburb is consolidating as a residential alternative rather than a fringe location. The property’s appeal will likely depend on whether purchasers prioritise the development potential or the finished home utility, creating distinct buyer cohorts with different hold timelines and exit strategies.