20 Kittani Cres, Ashmore QLD 4214

Elevated corner block | 40-year first release | Hinterland views | Redevelopment scope | Tightly held pocket This property’s primary buying case rests on its scarcity: a 959m² elevated corner block in a tightly held Ashmore pocket, offered for the first time in over four decades. The 6.3m cathedral ceilings and exposed brickwork are period features that, while dated, provide a volumetric advantage few newer houses match. For a buyer seeking a long-term landholding with immediate habitation, the existing 203m² floor plate offers four bedrooms and multiple living zones, including an oversized rumpus with bar,sufficient for a family while council approval for redevelopment is pursued. The north-facing courtyard and pool-ready yard add near-term lifestyle utility without compromising future yield. This property best suits a buyer who values optionality: live now, renovate later, or rebuild when the market aligns. The principal risk is the house’s 1980s condition,kitchen and bathrooms require full renovation, and the 128m² internal area per one source suggests inefficient layout for modern expectations. Renovation costs will compress margins if the purchase price exceeds $1.1M, and the auction format removes price control. However, the corner position and absence of flood or heritage overlays reduce approval friction for redevelopment, while the 7m roof height and 31m elevation support a potential second-storey addition with view capture. Commercial logic: treat the house as a land play with a rental offset. Hold for zoning upside or execute a measured renovation to unlock equity, then sell or refinance.