104 Ragnor Road, Hemmant QLD 4174
104 Ragnor Road, Hemmant QLD 4174
Large acreage in urban fringe | 1.9 acres vs typical suburban lots | 3-bed house with extensive covered parking | Subject to flood and heritage overlays | Long-term held since 1995
This propertys primary advantage is its exceptional landholding within a suburban context, offering a rare redevelopment or lifestyle canvas that is virtually unavailable in this market. The scale of the parcel, with a minimal building footprint, presents a clear strategic option for a buyer seeking land banking, future subdivision potential subject to council approval, or simply substantial space. It serves a buyer whose strategy is capital growth driven by land appreciation, not the existing dwelling, and who can manage the complexities of the overlays.
Proceed with the understanding that the flood and heritage overlays impose direct costs through potential insurance premiums, construction restrictions, and approval timelines. The commercial logic lies in treating the existing house as incidental and valuing the acreage against future rezoning potential or alternative uses. Acquire only if your holding period is long enough to absorb these carrying costs while the land value matures, otherwise the constraints will outweigh the rarity.
Detailed Independent Property Report prepared by PropCred Analyst team for 104 Ragnor Road, Hemmant QLD 4174
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Hemmant is a suburb undergoing significant residential development, enhancing its appeal and positioning it for future growth. Demand is currently driven by robust house sales activity, with properties transacting quickly, indicating strong buyer interest. Recent price trends show substantial annual growth, reflecting a competitive market. Future growth is supported by ongoing infrastructure enhancements and new housing supply, though this increased construction also presents a key risk of oversupply that could temper price momentum.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
20
Land
1.9 acres
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