57 Windmill Street, Tarragindi QLD 4121

Luxury new construction | park frontage | elevated leafy outlook | 5 bed 4 bath family residence | 10 minutes to CBD This property presents a rare opportunity to acquire a newly built luxury home in a tightly held suburb, directly bordering parkland with an elevated, private outlook. Its configuration as a five-bedroom, four-bathroom residence with a substantial 607m² lot caters specifically to upsizing families seeking premium space and modern finishes within a ten-minute commute to the CBD. The combination of a complete rebuild on a sizable, well-positioned block is its core competitive strength, targeting long-term owner-occupiers. The primary decision point is the bushfire overlay, which imposes specific construction costs and may affect future insurance premiums. The current premium for a new, high-specification home in this location is justified by the scarcity of similar offerings and strong rental demand evidenced by quick past tenancies. Acquire for long-term capital growth and occupancy, as the rental yield is modest. A tailored property report would validate the build quality against the overlay requirements and provide precise comparable sales to anchor your offer. Recent sales context is anchored by the property’s own sale in July 2024 for $1,325,000 in its original three-bedroom condition. This transaction establishes a clear value baseline for the land and old structure, against which the new luxury construction’s premium must be assessed. The lack of other detailed comparable sales for similar new homes in the immediate area underscores the importance of a specialised valuation to test the asking price.