For sale by Openn Negotiation (flexible conditions online auction).

Set on a generous 2,127 sqm block, this Gracemere property presents an outstanding opportunity for developers, investors or renovators. Its size, location and proximity to local parklands and amenities combine to create a site with excellent potential for future capital growth or an exciting redevelopment project.

The existing home is a three-bedroom, one-bathroom residence with classic features. A wraparound verandah provides character and charm, while timber floors, ceiling fans and built-in robes add everyday convenience. The home also includes an internal laundry, a spacious living area and a walk-in pantry. It is currently vacant and move-in ready.

Outdoors, the fenced yard offers space for families or pets, while the property's size opens doors for subdivision or further development. Investors will recognise the value in either renovating the current home, leasing it out, or optimising the land by adding a duplex or collection of townhouses.

With its blend of modern and older homes, strong rental demand and steady growth, Gracemere is among the top markets listed in Smart Property Investment's 2026 FAST 50 report. Over the past 12 months, the district's dwelling values rose by 27.40 per cent, and they are forecast to grow further, so savvy investors and developers will recognise the potential of this rare chance to buy an oversized block in the suburb.

Features:
2,127sqm block in central Gracemere Three bedrooms, one bathroom Wraparound verandah Timber floors and ceiling fans throughout Generous walk-in pantry Built-in robes and internal laundry Fenced property with spacious backyard Close to local parklands and amenities Vacant, move-in ready home Fantastic development opportunity