61 Tygum Road, Waterford West QLD 4133

Riverfront 0.91 acre lot | 1975-built 3-bed house | Extensive shedding & parking | 13.2kW solar & pool | Bushfire & flood overlays. This property’s primary advantage is its substantial, irreplaceable riverfront land parcel in a suburb where typical lots are a quarter of its size. The combination of a 3678m² block, direct river access, and extensive practical improvements like the powered shed and resurfaced pool creates a rare offering for buyers seeking space, privacy, and utility over modern finishes. It serves a specific buyer profile: long-term occupants or hobbyists who will fully utilise the land and outbuildings, valuing the peaceful outlook and room for caravans or boats above a contemporary floorplan. The significant overlays for bushfire and flood are not mere footnotes; they represent tangible risks that will directly impact insurance premiums, ongoing maintenance costs, and future resale liquidity. The 1975 construction era suggests potential for higher upkeep costs. The commercial logic lies in securing a large, character-filled block where the land value dominates the investment thesis. Consider this a long-term hold to amortise upgrade costs, where the land’s scarcity is the core asset. A PropCred report would pressure-test the listed price against true flood-affected comparable sales, detail mitigation costs for the overlays, and clarify insurability. Recent nearby sales in Waterford West provide context, though direct riverfront comparisons are absent. At 22 William Street, a 5-bedroom house on 2023m² sold recently, establishing a benchmark for larger blocks. Smaller, more standard properties like those on Clarence Street (701m²) transact at notably lower price points. This indicates the subject property’s value is heavily anchored to its superior land size and unique positioning, justifying a premium over standard suburban lots, albeit one tempered by its specific risk profile.