38 Settlement Road, The Gap, Qld 4061

Whether you're looking to enter the market, renovate for profit, invest long term or knock down and build new, the options are endless with this exciting opportunity in the ever popular and family-friendly suburb of The Gap!  

Set on a brick base with weatherboard exterior, hardwood timber floorboards and tin roof, this post-war cottage has just enough charm to allow for a character-filled finished product in a prime precinct close to schools, shops and transport. On a near-flat 640m2 allotment, 38 Settlement Road is ready to be revived so you can thrive! 

Within the house are 2+ bedrooms, open plan living and dining, kitchen (not in working condition), bathroom and decking. 

Not for the faint hearted, the reimagining of this property will take no small amount of passion for the project. It will also likely take a bucket (or two) of cash and some serious elbow grease! But buying a property with the intention to renovate can be an exciting and rewarding experience. Not only do you get to create a space that truly reflects your style and living requirements, but you can also add more value to the property – WIN, WIN! 

Owner builders or developers should also consider the potential return on a turnkey home in a market where buyer demand for well designed and constructed properties continues to outweigh supply. Add to that the proximity to schools, buses and shops and this purchase is a profitable prospect for those with the skills and contacts to capitalise. 

Home owners looking for an affordable allotment to design and construct their dream home (STCA) with a Custom or Project builder should also consider this unique offering. With huge lifestyle and convenience potential available from its main road position, opposite The Gap State Primary School and within easy walk of express and local buses, it represents an outstanding opportunity to set up the family in a desirable suburb. 

Located within Brisbane City Council, with no bushfire, flood or heritage overlays detected, it is within catchment for both The Gap Primary and The Gap State High School(s). It is also located near surrounding parks and bike paths, where families with kids and pets can visit easily and regularly. Brimming with potential and on the market by Expressions of Interest, this really is an outstanding opportunity for the right buyer to recognize this properties full potential! 

BASIC INFORMATION: 

Lot: 14; Plan RP 83715; Council: Brisbane City; Zoning: Single Unit Dwelling; Land: 640sqm; Frontage: 15m approx; Depth; 38m approx; Aspect: NE Facing; Rates: $552.30/qtr approx;