155 Old Logan Village Road, Waterford QLD 4133

155 Old Logan Village Road, Waterford QLD 4133
2 bed 1 bath on 1335m² | Approved for 4 townhouses | Corner block with flood overlay | Rare development ready site in Waterford What makes this property competitively strong is its approved development potential. The 1335m² corner lot already has approval for four townhouses, three four-bedroom and one three-bedroom, which is rare for Waterford. The current two-bedroom house is secondary to the land value here. This property sits in a suburban area transitioning from standalone homes to higher density, so it suits a developer or investor looking to build and hold. The large lot size and corner configuration give it good street presence and potential for dual access, which improves the project’s viability. Rental demand in Logan City for three and four-bedroom townhouses is strong, so post-development yields could be high. The property is in a standard school catchment and has good connectivity, but the real edge is the immediate development capacity. Several factors may materially affect the property’s value. The flood overlay is present, which might increase insurance costs or impact construction timelines. The current house is small and outdated, so its value is purely in the land and approval. The asking price likely reflects the development potential rather than the existing dwelling, so a buyer should compare the cost per developable unit against similar approved sites in the area. The 70% building coverage and 9m roof height allowance may shape what can be built. A buyer should also consider the subdivision costs, council fees, and holding costs before forming a view on price. The property’s value is tied to the development outcome, not the current house.
Detailed Independent Property Report prepared  by PropCred Analyst team for 155 Old Logan Village Road, Waterford QLD 4133
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk
Income Risk ! 1
Execution Risk
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Market Insight

Waterford is a family-oriented suburb with strong demand from young, mortgaged households. Recent price growth has been robust across both houses and units, supported by active sales and rising rental yields. Future growth is underpinned by sustained rental demand, though affordability pressures and limited unit sales data present key constraints for investors.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

2

Land

1335m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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