47 Timothy Street Macleay Island QLD 4184

1 bed house on 873m² | Listed $450k | Est $570k value | Recent land sales $55k |Single occupant entry-level on quiet street. This one-bedroom house on an 873m² block suits downsizers or investors seeking low-maintenance island living near local schools. The generous land size stands out on Timothy Street, where nearby lots range from 330m² to over 1000m², offering scope for extensions or simply generous outdoor space in a residential setting. Free of bushfire, flood or heritage overlays, it presents straightforward holding appeal within Redland Council zoning. Its position just 0.4km from Macleay Island State School adds convenience for retirees or rental demand from school staff. Buyers drawn to similar one-bedroom setups here typically include first-home island buyers or those flipping for retirement income, given the street’s mix of modest homes and recent sales like $610k for a larger unit nearby. Market estimates peg its value at $570k midpoint, well above the $55k land sale six years ago, signaling solid appreciation on developed blocks. Comparable Timothy Street properties have traded steadily, with larger homes fetching $700k-plus, underscoring this one’s competitive edge for yield-focused purchasers at around 4% rental potential. Long-term, the oversized lot ensures flexibility amid island growth, positioning it as a resilient hold even if smaller homes see softer demand. Quiet cul-de-sac location enhances liveability without premium pricing.