265-281 New Beith Road, Greenbank QLD 4124

Bushfire overlay moderate | conflicting data suggests split title or dual listing | landholding 1.59ha undervalued at residential rates | floor area possibly understated The property carries a moderate bushfire overlay which shifts insurance costs upward and may restrict certain lending policies—budget an additional $1,200-$1,800 annually for premiums and expect a 5-10% buyer pool reduction. The 15,910m² landholding on Greenbank’s rural-residential fringe is the core opportunity; at roughly $62 per square metre against comparable vacant lots near $85-$100, the house is essentially a freeholding bonus despite its 1988 build. This is a hold-and-use proposition for someone who values acreage over finish. What makes this rare is the scale—1.59ha within 30 minutes of Brisbane is increasingly scarce under current zoning caps. The four-car accommodation and potential for a second living wing suit a buyer needing workshop space or multi-generational setup, not a family chasing a renovated interior. This property serves a buyer who treats land as primary and dwelling as secondary, and that positioning gives it pricing leverage against similar-sized blocks without a house. Comparables on similar-rural lots near Greenbank sold between $890,000 and $1,020,000 over the last six months, placing this property in a competitive but attainable band if the valuation data resolves around $950,000-$1,000,000. The next step is to commission a fire hazard assessment and a title search to clarify whether you are buying 265 or 265-281—that single piece of due diligence will determine whether this is a value entry or a negotiation risk.