36 Elizabeth Cres, Queanbeyan East NSW 2620

Large residential block in Queanbeyan East | Two-bedroom house on 771–797 m² | Recent sale at $566k | Potential for land banking or development This property is competitively positioned through its unusually generous land size relative to its modest dwelling, which is a rare combination in a mature suburb. The 771–797 m² block offers significant potential for a buyer seeking land value over finished interior space, with the existing two-bedroom house providing immediate occupancy while longer-term options are considered. This property may best suit a buyer with a strategic view toward land banking, future subdivision, or a substantial renovation that repositions the house within a growing residential area. The value of this property may be materially influenced by the actual usable land area and any planning constraints that could affect subdivision or development potential. The existing house is small and likely dated, which might require a buyer to budget for significant upgrades or a full rebuild to realise the site’s full value. The recent sale price of $566,000 may reflect current market conditions, but a buyer should weigh the cost of any proposed works against the property’s ultimate re-sale potential in this location.