35 Reid Road, Wongaling Beach QLD 4852

809m² house lot in Wongaling Beach | separate 3-bed flat also on title | no data on condition or age | suburb has 52 other listings This house presents a rare dual-income or extended family configuration on a large, subdividable lot, with the existing separate flat offering immediate rental yield or cost-offset potential. Its substantial landholding in a coastal suburb provides a scarcity premium that appeals to long-term holders seeking land banking with current utility. The property best serves a buyer comfortable with managing two dwellings and capitalising on underlying land value over cosmetic finishes. Critical unknowns regarding building condition, age, and major capital requirements introduce significant risk, potentially eroding equity through unforeseen repairs. The high volume of competing listings indicates a buyer’s market, demanding aggressive due diligence on construction and zoning. Acquire only after a comprehensive building and pest inspection, with a strategy to hold both dwellings for a decade to realise the land’s subdivision potential. Nearby comparable at 21-23 Reid Road is a 3-bedroom house valued around $770k. This benchmark suggests the subject property, with its dual-dwelling setup and larger lot, should command a notable premium, provided its buildings are sound. Use this figure as a baseline, not a ceiling, for negotiation.