49 Richmond Street, Maryborough QLD 4650

Historic 1895 Queenslander | 1067m² out-of-flood-zone block | Modernised with pool, studio, solar | 4-bed, 3-living-area layout This property presents a competitively strong proposition due to its rare combination of a large, elevated block in a no-overlay zone and a comprehensively updated classic Queenslander. The extensive modern additions—including a media room, office, studio, in-ground pool, and solar infrastructure—transform a period house into a functional lifestyle property, best serving a buyer seeking character without compromise on space or contemporary amenities. Its position within established school catchments and with reliable connectivity supports long-term livability. The decision hinges on reconciling its premium valuation, implied by the 2021 resale, with the broader Maryborough market. The primary cost mechanism is the capital outlay for these specific, high-quality renovations, which may not be fully recouped in the immediate locale. The opportunity lies in securing a turnkey, low-maintenance holding in a resilient setting, with the rental yield providing a partial hedge. Acquire as a permanent residence for a growing family seeking a definitive long-term home; it is over-capitalised for a pure investment play. The sole available sales data point is the property’s own prior sale of $455,000 in April 2021. This transaction indicates significant capital growth has been attributed to the property over a five-year period, underscoring the market’s valuation of the subsequent renovations and the underlying land value. Buyers should note the absence of recent, direct comparable sales necessitates a particularly rigorous independent valuation to justify the current asking range.