87 Anne Street, Southport QLD 4215

Renovated 4×2 character home | generous 506m² block | single-level versatile layout | Southport convenience | solar panels installed. This property presents a competitively strong offering due to its post-renovation configuration on a larger-than-typical suburban block. The transformation from a standard three-bedroom, one-bathroom format to a four-bedroom, two-bathroom home directly addresses the family and investor demand for modern, flexible space in a convenient location. Its single-level character, enhanced by open-plan living and a 506 square metre land parcel, positions it above the original housing stock for both immediate utility and future adaptation, serving families seeking space or investors targeting the durable rental demand for updated homes in established catchments. The absence of overlay risks and the elevated site further solidify its operational stability. Proceed with the understanding that the renovation’s quality and compliance are the central value mechanisms; any undocumented work immediately costs the buyer in future saleability and insurance. The opportunity lies in acquiring a property that has already executed the floor plan expansion most buyers seek, on land that retains subdivision or dual-living potential, at a price that must be benchmarked against original-condition comparables. The commercial logic is clear: this is a hold property for an owner-occupier seeking a long-term family base or an investor securing a modernized rental, not a short-term renovation play. Our judgment is to treat the listed price as a premium for the completed work and negotiate firmly based on original asset comparables, as the renovation premium must be justified by certified quality. Recent nearby sales provide essential context: 35 Anne Street, a three-bedroom, one-bathroom home on 150m², sold for $850,000. Another similar-sized house on 513m² sold for $980,000 in June 2025 after a month on the market. This indicates the subject property’s quoted guide, considering its superior configuration and larger land size, aligns with the upper end of recent market activity, though the value hinges entirely on the standard of its renovation.