134 Waverley Street, Bucasia QLD 4750

Beachfront block nearly half-acre | Held 50 years, first sale | 3-bed, 2-bath, 4-car | No flood or bushfire overlay | FTTP connected This property offers a rare combination of scale and shoreline positioning that is increasingly difficult to find in Bucasia. The 2023m² block, held by one family for nearly 50 years, provides a configuration edge over newer subdivisions where lot sizes have been compressed. With 12% building coverage and an 8-metre elevation, there is clear capacity to redevelop or expand without the constraints of flood or bushfire overlays. The house itself is functional but secondary to the land; the primary value lies in securing a beachfront parcel in a premium street where supply is structurally limited. This suits a buyer who values long-term land banking, a future knockdown-rebuild, or a dual-occupancy opportunity subject to council approval. The principal risk is the dwelling’s age and condition after decades of family ownership, which may require significant capital to modernise or replace. This effectively adds a deferred cost that should be factored into the acquisition price. The absence of recent sales data in the immediate area limits direct comparables, but the current asking range sits below the estimated value, offering a potential entry point for a buyer prepared to act decisively. Rental income of $750 per week provides a holding yield while planning or construction proceeds. Hold for land appreciation and redevelopment optionality, not for the existing house.