355 Verney Road E, Graceville QLD 4075

Vacant level block | north-to-rear light | 11m frontage | up to 3 levels STCA | Graceville demand corridor The property’s competitive strength lies in its rare combination of a level 407m² block with an 11m frontage and north-to-rear orientation—features that command a premium in Graceville’s tightly held market. For a buyer, this configuration provides flexibility to design a family home that maximises natural light and usable outdoor space, with the option to build up to three levels subject to council approval. It serves best for owner-occupiers seeking a prestige address with long-term capital growth potential, given the suburb’s strong sales history and 48% of properties held over ten years. The primary risk is the absence of a house, meaning the buyer carries construction costs and timeline uncertainty, with no rental income during build. However, the commercial logic is clear: comparable nearby properties have achieved 8-9% annual growth, and a well-executed build could capture similar upside. The north-to-rear aspect and level site reduce design complexity and cost, while the 11m frontage supports a substantial street presence. Hold this property as a long-term development site or build-to-occupy, leveraging Graceville’s stable demand and school catchment advantages