13-15 Richards Street, Loganlea QLD 4131

Loganlea block size | dual income potential | townhouse application active | no flood overlay This property carries two distinct risk mechanisms. The first is zoning execution—the 10-townhouse application from September 2024 is not approved, and no public comments were recorded, meaning council appetite remains uncertain and delays could cost you holding carry on a 1.14-acre single block. The second is rental yield compression; current income from the main house and granny flat sits around 2.29%, which is low for Loganlea and means you are paying for land speculation rather than cash flow. The opportunity runs through scale: 4,613 square metres on low-density zoning in a corridor with strong school and transport links gives you optionality—hold and collect dual income, or pursue subdivision if the market shifts. The plain judgment is that this is an active land bet, not a passive hold. What is competitively rare here is the combination of a self-contained granny flat and a recently refurbished main house on a site free from bushfire, flood, or heritage overlay constraints. For a buyer who wants immediate rental income while positioning for future development, that dual structure is hard to find in Loganlea at this block size. The key features—in-ground pool, covered entertainment, separate driveway access—matter less for a developer but give a live-in buyer a strong short-term position if the subdivision timeline does not materialise. It serves best an investor with holding capacity and a medium-term view on Logan’s densification corridor. The sales history shows a sharp swing from $1.218 million in 2023 to current estimates between $1.084 and $1.86 million; the 2024 listing under negotiation indicates the market has not yet matched the vendor’s expectations which creates a potential entry window if you can negotiate below the upper estimate range Start with an independent feasibility study on the 10-townhouse application and a boundary survey to confirm unconstrained buildable area; that will tell you whether the risks justify the land cost