3 Ross Street, Brassall QLD 4305

Classic Queenslander | flood-free parcel | 812m² established lot | quiet pocket | Fibre to the Node This property presents a secure, low-risk entry into a quiet and established neighbourhood, distinguished by its flood-free status and a significantly larger than average block. The classic Queenslander on a substantial parcel serves a buyer seeking a long-term hold, offering inherent land value and the flexibility for future expansion or renovation. Its position within sought-after school catchments and absence of overlays provides a stable foundation for both owner-occupiers and investors. The primary compromise is the house’s configuration-three bedrooms and one bathroom-which is now below mainstream market expectations and caps its immediate appeal and rental yield against modern comparables. The commercial logic lies in acquiring the land bank at a lower rate per square metre, with value realised through a future upgrade to the dwelling. Acquire this for land security and hold for the cycle, with a plan to renovate to unlock its full equity potential. Recent comparable sales nearby: – 28 Ross Street: Sold for $775,000 in May 2025. This is a superior property with four bedrooms, a two-car garage, and modern inclusions on a smaller 663m² block. The sale of 28 Ross Street, a more modernised home on a smaller block, establishes a strong price benchmark. It confirms that well-presented properties in this pocket achieve solid demand, and it contextualises the lower estimated value for 3 Ross Street as a direct reflection of its dated condition and inferior configuration.