24 Murlay Avenue, Frenchville QLD 4701

24 Murlay Avenue, Frenchville QLD 4701
Views to the south over the Fitzroy | 1291sqm on a quiet cul-de-sac | vacant land in sought-after Frenchville | positioned for a premium home build The buying case for this parcel rests on its rare combination of size and position. At over 1200 square meters at the end of a quiet cul-de-sac, this is not a standard infill lot. The southern aspect over the Fitzroy River gives a buyer a genuine view premium that will hold value as the area matures. For someone planning a custom home, this land offers the configuration and privacy that finished houses on smaller blocks simply cannot replicate. It suits a buyer who values outlook and space over immediate occupancy, and who has the patience to build in a neighborhood where comparable improved properties command over a million dollars. The primary risk is the holding cost and construction timeline. Vacant land carries council rates and no rental income, so a buyer needs to factor in at least twelve to eighteen months before a home is livable. The opportunity lies in the gap between the land price and what a completed house on this site would be worth. A well-designed home here would sit in a price bracket that few nearby properties can match. The sensible play is to secure the land now, build within two years, and hold for the long term.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Frenchville is a tightly held, owner-occupier suburb attracting young professionals, with demand underpinned by its established residential character and proximity to quality schools. This demographic is driving a robust and fast-moving market, evidenced by rapid sales and significant capital appreciation across both houses and units. Future growth is supported by strong rental demand, though a slight population decline and limited new listings present a constraint on available supply.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

-

Bathroom

-

Parking

-

Land

1292mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat