1 Longa Street Bracken Ridge QLD 4017

Corner block | 625m² land | $1.1M valuation | First listed March 11 This three-bedroom home on a 625-square-metre corner block offers families and investors practical accommodation with meaningful land potential in an established Brisbane neighbourhood. The property presents a relatively modest built footprint—approximately 183 square metres—across a substantially sized parcel, which creates flexibility for future development or expansion depending on council approvals and buyer intent. Last sold in 1985, the property has remained in long-term ownership, suggesting stable tenure and potential deferred maintenance considerations that would warrant inspection. The estimated valuation sits around 1.1 million dollars based on recent market assessment, positioning it within mid-range for the immediate area. Located within Brisbane’s residential zoning on a corner position, the property benefits from dual street frontage, a characteristic that often appeals to investors considering future subdivision or redevelopment, though any such intentions would require feasibility assessment against current planning overlays. The property sits outside bushfire and flood risk zones, removing significant holding constraints that affect other Brisbane suburbs. Proximity to Norris Road State School at 0.4 kilometres and Bracken Ridge State High School at 2.1 kilometres places it squarely within established family-oriented catchment zones, a draw for owner-occupiers with school-age children. Recent listing activity beginning March 11 indicates the market is currently testing buyer appetite at this price point, with rental projections around 650 dollars weekly suggesting reasonable yield characteristics for portfolio investors. The established street and older housing stock indicate this is a consolidating neighbourhood rather than a growth corridor, meaning appreciation may track inflation rather than outpace it, though the land value and corner positioning provide a degree of holding resilience for long-term owners.