35 New Exhibition Road, Wandal QLD 4700
35 New Exhibition Road, Wandal QLD 4700
Two-lot 812m² block | dual-dwelling development potential | family-friendly Wandal location | near schools and transport.
The dual-lot configuration on a flat, fully fenced 812m² site is the property’s strongest competitive edge, offering a rare opportunity to add a granny flat or second dwelling without subdivision complexity. This positions the house as a strategic buy for investors seeking future rental yield uplift or families wanting multigenerational living. The four-bedroom layout with one bathroom is functional but dated, meaning the value lies in the land and redevelopment scope rather than the current dwelling. It serves best for buyers with medium-term capital improvement plans or those targeting the Rockhampton growth corridor.
Risk centers on the single bathroom, which may limit immediate appeal to families and requires renovation capital to compete with newer stock. The 2023 sale price provides a recent benchmark, but the property’s extended time on market suggests pricing sensitivity. Opportunity lies in leveraging the dual-lot zoning for a secondary dwelling, which could lift rental income significantly while retaining the main house. Hold for land appreciation or develop to extract latent value.
Detailed Independent Property Report prepared by PropCred Analyst team for 35 New Exhibition Road, Wandal QLD 4700
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Market Insight:
Wandal is a tightly held residential suburb within Rockhampton, characterised by strong owner-occupier demand and a significant rental population. Demand is driven by a severe shortage of available stock, creating a highly competitive environment for well-presented houses with practical features. This scarcity underpins robust recent price growth and exceptionally fast sales, with houses transacting rapidly. Future growth is supported by these persistent supply constraints and low vacancy rates, though the market’s affordability is becoming stretched by the rapid price escalation, and the near-absence of unit sales highlights a lack of diverse housing options.
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Bedrooms
4
Bathroom
1
Parking
2
Land
812m²
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