3 Elm Avenue, Woodridge QLD 4114

Low-set brick home | 647m² opposite bushland | 3 beds, 1 bath | High secure fencing & side access This property presents a competitively strong offering based on its substantial, usable landholding in a convenient location. The 647m² block with 22% building coverage provides significant outdoor space and side access, a relative rarity that enhances utility for families or those seeking room for expansion. Its position directly opposite protected bushland and proximity to the Karawatha State Forest delivers a permanent aspect and amenity not replicable in standard suburban lots. The house itself is functionally configured with separate living areas and updated kitchen, serving owner-occupiers seeking space and privacy or investors targeting family tenants. Decision hinges on the single bathroom configuration, which caps capital growth relative to modern three-bedroom, two-bathroom stock and impacts rental appeal. The bushfire overlay necessitates insurance cost verification. The commercial logic is clear: acquire for land value and functional improvements, hold for long-term land appreciation driven by its scarcity and location. Treat as a strategic land bank with a liveable house, not a premium modern home. Past sales indicate significant appreciation, with a sale at $810k in October 2025. This recent transaction establishes a firm price benchmark, suggesting the current listing range is anchored to a very recent market outcome.