40 Gower Street, Toowong QLD 4066

1920s elevated bungalow | tightly-held street | large 774m² flat parcel | third offering in 46 years This property presents a rare, long-held opportunity on a substantial flat block in a tightly held Toowong pocket. Its 1920s character, combined with a low building footprint, offers a buyer significant land value and the flexibility for renovation or future reconfiguration, best suiting a long-term holder seeking a prime inner-west location. The absence of flood or heritage overlays simplifies potential improvement pathways, while the bushfire overlay is a standard operational consideration for insurance. The primary decision rests on valuing an infrequent market entry against its modernisation needs. The price will be set by competitive auction bidding, reflecting the scarcity of such large parcels, not by recent direct comparable sales. Engage a professional building inspector to assess the weatherboard construction and services. For a precise valuation benchmark, a tailored property report can demystify locality risks and provide a current market assessment to inform your bidding strategy.