28 Masterton Street, Oxley QLD 4075

Elevated 642m² block | renovated postwar character | north-facing rear | tightly held owner-occupier street | no overlay issues The property’s primary competitive advantage is its elevated position on a substantial 642m² block in a street where 90% of residents are owner-occupiers and 76% are long-term. That combination is rare in Oxley and signals low turnover and stable neighbourhood quality. The renovation is thorough—stone benchtops, integrated Miele, ducted air, and a north-facing rear yard—which means a buyer avoids immediate capital outlay and can move in without compromise. It suits a family buyer seeking a long-term hold in a strong school catchment (Oxley State and Corinda High) or an investor targeting the owner-occupier resale pool rather than rental yield. The absence of flood, bushfire, or heritage overlays removes common friction points. The main risk is that the renovation’s exact quality and compliance need physical verification—online estimates vary on car accommodation, and a 1975 build may conceal structural or electrical age. The $435,000 sale in 2008 underscores the land’s capital growth trajectory, but the current market value around $1.15M–$1.19M means the buyer is paying for that uplift now. The opportunity is in the land-to-building ratio: 642m² with only 35% coverage leaves room for future extension or a granny flat, subject to council approval. Hold this property for the land bank and the street profile, not for short-term rental arbitrage.