89 Mackellar Drive Boronia Heights QLD 4124

Large quiet family block | older home with DA approval | strong school proximity | stable rental demand This property presents a clear value proposition for a long-term holder, with its primary risk being the capital required to modernise an older, single-bathroom home to meet contemporary standards. The approved development application is a tangible opportunity to enhance utility and value, though it necessitates immediate investment. For a buyer comfortable with a functional, dated layout on a large, quiet block, it is a strategic entry into a family-centric location with reliable rental fundamentals. Hold as a long-term family home or a value-add investment, leveraging the land size and approval. Its competitive strength is the substantial 989m² parcel in a quiet pocket, a rarity that provides future flexibility and undersupply appeal. The proximity to well-regarded state schools directly serves the core family buyer profile, while the absence of environmental overlays removes a common purchasing hurdle. This property best suits a buyer prioritising land security and location over immediate modern finishes, positioning them for both lifestyle and incremental capital growth. Your next step is to assess the specific DA plans against your budget to crystallise this property’s potential; contact us to review the council documents and execute a tailored due diligence strategy. Comparable sales indicate a steady market: – Oct 2025: $844,000 for this property. – Jun 2015: $340,000 for this property. This trajectory demonstrates consistent long-term capital growth, supporting the valuation premise for the area.