55 Longlands Street, East Brisbane QLD 4169

| 810m² dual-lot LMR zoning | classic Queenslander shell | blank-canvas renovation | Gabba-Cross River Rail corridor | no flood or heritage overlay | The property’s primary buying case rests on its rare combination of scale and zoning: an 810m² site spanning two lots, already zoned for low-medium density residential, in a corridor set to benefit from the Cross River Rail uplift. The classic Queenslander shell provides a structurally sound envelope with high ceilings and generous floor plates, while the absence of flood, bushfire, or heritage overlays removes three common friction points for redevelopment or renovation. This property best suits a buyer with renovation capability seeking a long-term hold in a tightening inner-city supply market, or a developer looking to unlock multi-dwelling yield with council approval. The key risk is the interior condition , original features have been removed or covered, meaning any restoration or modernisation budget must be fully accounted for from the outset. The swimming pool, detected with only 80% confidence via satellite, may require verification and could add maintenance cost without proportional value. The suburb’s recent price growth of -76.4% signals a buyer’s market, offering entry leverage but also slower short-term capital appreciation. Commercial logic favours a buy-and-renovate strategy to lift rental yield above the suburb average of 3.7%, or a staged subdivision and townhouse development if council supports the LMR envelope. Hold for the Cross River Rail completion cycle, or renovate and hold for yield.