229 Streeter Drive, Agnes Water QLD 4677

Vacant rural land | 1.62 hectares | Agnes Water | Mixed-use street context This vacant 1.62-hectare parcel represents a significant rural holding within a residential and retirement area, offering a rare blank canvas for a custom build or long-term land banking. Its size provides a distinct privacy and space advantage over typical suburban lots, positioning it optimally for a buyer seeking a lifestyle property or a strategic rural investment without existing structures to manage. The listing appeals directly to those with the capital and intent to develop, as the value is purely in the land potential. The primary risk is the illiquidity and high carrying cost of undeveloped land, with no rental income to offset outlays. Valuation is challenged by the street’s mixed sales history, ranging from established retirement homes to smaller rural holdings, making precise comparison difficult. Proceed only with a clear development plan or a long-term hold horizon, treating it as a capital growth play dependent on the broader area’s appreciation. A professional property report would ground your offer in validated comparable sales, clarify zoning and development conditions, and identify any locality-specific land risks. Recent sales on Streeter Drive provide context: 254 Streeter Drive sold for $625,000 in April 2024, and 118 Streeter Drive, a rural property, sold for $250,000 on an unspecified date. The subject property’s asking price reflects its substantially larger land area compared to these sold properties, demanding scrutiny of the premium for raw land versus developed homes.