6 Crescent Street Urangan QLD 4655

905m² high-density zoned lot | 3-bay powered shed with side access | elevated, no flood or bushfire overlay | tenanted until Jan 2026 The buying case rests on the land’s zoning and configuration. High-density residential zoning on a 905m² lot with clear side access and no flood or bushfire overlay is uncommon in Urangan, and it gives a buyer positional leverage for future subdivision or additional structures. The 3-bay powered shed and covered pergola extend usable space beyond the 224m² house, making the property work for a buyer who needs workshop or vehicle storage capacity. The current tenancy at $590/week provides immediate holding income, but the property’s real edge is its development optionality on elevated ground with no infrastructure interference. The primary risk is the house itself: a low-set 3-bed, 1-bath layout with one toilet and ramp access limits appeal to families or owner-occupiers seeking modern amenity. The sale price of $760,000 sat below the $800,000 listing range, suggesting the market already priced in this functional constraint. For a buyer, the opportunity is to hold the tenancy through January 2026, then either renovate to lift rental yield or pursue a development application under the high-density code. The property is best held as a land-banked investment with near-term cash flow, not as a long-term family home.