12 Richard Street, Urangan QLD 4655

4-bed coastal house on 875m² block | For sale | Offers over $925k | Last sold 2004 | Data inconsistencies noted This property presents a rare coastal holding on a substantial, flat block, a combination increasingly scarce in Urangan’s evolving market. The 875-square-metre land parcel is the primary value driver, offering clear future utility and a buffer against denser development. A configuration of four bedrooms and two bathrooms aligns it with the family segment, the dominant demand cohort in this region. The extended period of single ownership since 2004 suggests a house likely requiring modernisation, positioning it for a buyer seeking to capitalise on land value while adding capital improvement through renovation. This property serves a long-term holder, either a family establishing a permanent coastal home or an investor-builder with a multi-year horizon. Proceed with a disciplined price framework anchored in land value, as the quoted guide exceeds automated valuations by a significant margin. The critical risk mechanism is paying a premium for unverified potential; the cost is eroded equity and diminished yield from day one. Resolve data conflicts on bedroom count and parking through physical inspection and council records to validate the true offering. The commercial opportunity lies in securing a large, strategically located block below replacement cost, with value to be realised through astute improvements. Our judgment is to treat this as a land play with a dwelling included, where any offer above the established valuation range requires justification through immediate, costed development plans.