101 Wardell Street, Ashgrove QLD 4060

Renovated post-war home | 655m² low-density block | No flood/heritage overlays | Prime Ashgrove location This property presents a competitively strong proposition as a fully renovated, move-in ready home on a substantial block in a prime inner-suburb location. Its post-war construction on a 655m² lot with low building coverage offers both immediate livability and clear expansion potential within a low-density residential zone, serving buyers seeking a low-maintenance entry into Ashgrove or a strategic land bank. The absence of flood or heritage constraints significantly de-risks any future development, making it a straightforward asset for owner-occupiers or long-term holders. The primary decision hinges on valuing its renovated premium against its smaller 3/1/1 configuration in a suburb of larger homes. The bushfire overlay imposes potential future compliance costs. The opportunity lies in leveraging the 20% site coverage for a future extension, enhancing its value to align with area norms. Hold this property as a long-term residence with upgrade potential; its land component fundamentally underwrites the investment while the renovation provides immediate utility. Recent sales establish a value trajectory for the street. The subject property at 101 Wardell Street sold for $830,000 in September 2024. A direct neighbour at 99 Wardell Street now carries an estimated value of $1,355,000. This sharp appreciation underscores strong locational demand and suggests the 2024 sale may have captured a value opportunity prior to broader market recognition.