113 Wardell Street, Ashgrove QLD 4060

Post-war Ashgrove block | 688sqm inner-west | school catchment | renovation or rebuild upside This property offers a rare combination of scale and location on a 688 square metre block in a tightly held inner-west pocket. The post-war weatherboard structure, while dated, provides a compliant footprint for renovation, extension, or a full rebuild subject to approvals. For a buyer seeking long-term capital growth, the land content and school catchment positioning are the primary drivers. It suits those comfortable with a project—renovators, builders, or investors willing to hold through a staged upgrade—rather than someone wanting a turnkey home. The single bathroom and bushfire overlay are specific risks that may affect financing or insurance costs, and the wide spread in automated valuations signals market uncertainty around the property’s as-is condition. However, the minimal slope, off-street parking, and absence of flood or heritage constraints reduce execution risk for redevelopment. The rental yield is low, consistent with land-heavy inner-city stock, but the upside lies in value-add rather than immediate income. This is a land-and-location play with clear improvement potential for the right buyer.