53 Ellerslie Cres, Taringa QLD 4068

Significant condition risk | dual-lot redevelopment upside | flood-free confidence | tenancy vacancy exposure The property’s underlying dual-lot structure creates a redevelopment opportunity, but the 1886 build and lack of recent structural disclosure impose an estimated $150,000–$250,000 in remediation or removal costs. The site commands a premium for its elevated, north-facing aspect within the Ironside–Indooroopilly catchment, yet the single-storey 339m² layout may deter owner-occupiers seeking larger family zones. Holding for capital growth via subdivision is the advised strategy, with resale or rental yield best captured after council approval. Its competitive rarity lies in the 845m² block across two lots in a sought-after school and flood-free precinct, elements that constrain supply and support long-term value. Key features such as district views, five G coverage, and proximity to Toowong Village reinforce its appeal for buyers prioritising lifestyle and zoning flexibility. This property suits those who can manage a phased investment cycle, and a pre-purchase structural inspection is the decisive next step to confirm viability.