6 William Street, Blackstone QLD 4304

New build with granny flat | Subdivision potential on large lot | Dual income or extended family | Below-market tenancy locked in This property presents a compelling dual-occupancy opportunity on a substantial lot, rare for the area. The 2021 main house paired with a 2024 granny flat creates immediate rental income or flexible family accommodation, strengthening cash flow from day one. The large land parcel with subdivision potential offers a clear path to capital growth, making it a strategic purchase for investors or owner-occupants seeking to offset costs. Proceed with caution on the price, which demands a premium for future subdivision value not yet realized. The below-market granny flat tenancy, while secure, represents forgone income until 2027. Your position hinges on securing the property at a price that accounts for subdivision costs and delays. This is a hold-and-develop proposition; buy only if you can capitalize on the land’s potential, otherwise the premium is unjustified. Recent Blackstone sales data indicates strong growth, with the land last transacting at $180,000 in 2020 prior to construction. Current listings and estimates suggest the completed property now commands a significant premium, reflecting both the new builds and land value uplift. This supports the listed price expectation but underscores the need for a precise valuation of the subdivision potential against current market ceilings.