70 Balsa Street, Inala QLD 4077

1950s build | 663m² land | 3 bed, 1 bath | Recently resold after renovation This property presents a compelling value-add opportunity, anchored by its substantial 663m² block in a established suburb. The significant disparity between its recent sale price and current listing suggests substantial capital improvement, positioning it for an owner-occupier seeking land content or an investor targeting long-term land banking. Its basic three-bedroom, one-bathroom configuration serves a broad, entry-level market with reliable demand. Proceed with caution, as the one-bathroom layout caps its appeal against newer stock, and the rapid resale necessitates a rigorous building inspection to validate renovation quality. The opportunity lies in securing a large parcel below estimated market value, providing a buffer for future improvement. Acquire as a long-term hold; the land component will drive appreciation while the existing house delivers immediate utility. Recent sales on Balsa Street show 129 Balsa Street achieved $760,000 with an extra bathroom, highlighting the value premium for modern configurations. This underscores that while 70 Balsa’s land size is a strength, its basic amenities will temper its price ceiling compared to updated homes.