106 Henty Drive, Redbank Plains QLD 4301

722m² block | granny flat potential | three-bedroom house | established suburb This property’s primary buying case is the 722m² block in an established suburb where subdivision or dual-occupancy is increasingly difficult to secure. The granny flat potential, subject to council approval, gives a buyer a rare configuration edge: the ability to create a secondary income stream or multigenerational living without relocating. The house itself is modest but functional, with split-system air conditioning, a two-way bathroom, and solar panels, making it immediately livable while the land value does the heavy lifting. It suits a buyer who can hold medium-term and is comfortable navigating council approvals, or an investor seeking above-average land-to-building ratio in a growth corridor. The risk is that the existing dwelling is small at 93m², and the rental yield of 3.66% is below market for the area, meaning the property must be held for capital growth rather than cash flow. The recent 2022 sale at $470,000 and current estimates up to $930,000 suggest significant price acceleration, so a buyer must confirm whether that growth is already priced in. The opportunity lies in the granny flat development: even a modest studio could lift yield above 5% and increase resale value disproportionately to cost. Hold this property for the land, improve the yield via the secondary dwelling, and exit when the suburb’s infrastructure cycle matures.