Set on a sprawling 2.94 hectares (7.35 acres) in the highly desirable – Low Density Residential Community Zone, this property presents a rare chance for investors, developers, or visionary homeowners to unlock its immense potential.
Welcome to 126-132 Bumstead Road, Park Ridge. This neat and tidy, two-storey brick home offers exceptional potential for future subdivision and development, subject to council approval (STCA). Ideally located just minutes from top local schools and convenient shopping options, including Woolworths Logan Reserve, Park Ridge Shopping Centre, and Logan Village, this property is perfectly positioned for those seeking both convenience and growth potential. It represents a spectacular opportunity for medium-scale builders looking to establish a prestigious residential estate.
Internally, the downstairs area includes a functional kitchen, combined living and dining space, two bedrooms, a separate toilet, a large rumpus room, air-conditioning, and a cozy fireplace. Upstairs features two additional bedrooms, a bathroom with a bathtub and separate toilet, air-conditioning, and ceiling fans.
Externally, the property boasts a six-car garage, a spacious shed for additional storage or workshop space, and water tanks, adding to its practicality and potential for future expansion.
For investors, the property offers a rental appraisal of approximately $850 per week, providing a valuable holding income while planning future development.
Disclaimer:
All information provided is gathered from sources deemed reliable. However, we cannot guarantee its accuracy, and interested parties should conduct their own enquiries. Any development potential is subject to council approval (STCA), and buyers should verify all zoning and planning details independently. Property boundaries and measurements are approximate and for illustrative purposes only.