60 Saleng Cres, Warana QLD 4575

Original low-set house | 546m² level block | beachside precinct moments from surf | offered as-is in original condition This property presents a rare opportunity to secure a level, fully usable block in a highly sought-after beachside precinct, a combination increasingly scarce on the Sunshine Coast. Its low-set, original-condition house on a 546m² parcel is fundamentally a land play, best serving a buyer seeking a coastal lifestyle entry point with future redevelopment potential or a straightforward renovation project. The location, moments from the surf, defines its core value and enduring appeal. The decision hinges on accepting immediate costs for future gain. Buying ‘as-is’ necessitates budgeting for significant updates or eventual replacement, while the low elevation and potential flood overlay require specific due diligence and insurance assessment. The commercial logic is clear: secure a premium location at a price reflective of the existing dwelling’s condition, not the land’s long-term value. This property should be acquired as a strategic hold, with a plan to either renovate to modern standards or redevelop to capitalize on the full asset value. Nearby sales context: – 29 Saleng Cres (536m², 3 bed, 2 bath, built 1981): Estimated value $1.789-$1.848m – 45 Saleng Cres (517m², 3 bed, 1 bath): Estimated value ~$1.668m These comparables, particularly the updated home at 29 Saleng Cres, demonstrate the significant value uplift achievable post-renovation or rebuild on similar lots in this street. The subject property’s offer price reflects its original condition, positioning it as the entry point for this specific, high-demand location.