1 Wallace Street

Welcome to 1 Wallace Street, Southporta property that perfectly balances immediate real estate functionality with extraordinary future rewards. Situated on a highly coveted, medium-density corner allotment in one of the Gold Coast's most prestigious enclaves, this charming and versatile residence is a rare gem awaiting its next chapter. The owners have recently completed a significant site upgrade, meticulously clearing the dense trees surrounding the home. This brilliant enhancement has radically opened up the grounds, inviting abundant natural light to flood the property and showcasing the true scale of the land. The outdoor entertainment area now stands as a sun-drenched private sanctuary, where a massive covered alfresco overlooks an enticing, freshly cleared in-ground pool areathe ultimate setting for weekend barbecues, relaxation, and poolside fun. Step inside to appreciate a thoughtful, open-plan layout curated to satisfy all of your lifestyle needs: The heart of the home lies in its sun-lit, open-plan living and dining area. Large windows invite beautiful natural warmth, flowing effortlessly into the kitchen boasting elegant white cabinetry, a chic backsplash, and practical, easy-to-clean tile floors. Comprising three generously sized bedrooms, each fitted with built-in robes and ceiling fans for year-round comfort. Featuring an additional dedicated office and a media room, the floorplan offers incredible versatility to be easily transformed into a 5-bedroom dwelling or a functional dual living space. A beautifully designed central family bathroom features elegant tiled floors, a relaxing bathtub, and a contemporary stand-in shower, complemented by an additional toilet (powder room) for ultimate family convenience. Secured by an active 11-month tenancy, this property represents the ultimate hassle-free asset. Investors can enjoy an immediate, reliable income stream, while builders and developers capitalize on the perfect "land-banking" windowgenerating steady cashflow to offset holding costs while finalizing townhouse or duplex designs through council. Mirroring successful luxury projects nearby, the dual-street access of this medium-density block ensures maximum architectural yield. You are positioned in the absolute heart of everything Southport has to offer. Enjoy a 1-minute stroll across the road to Southport Park Shopping Centre for your everyday needs, or take a quick drive to the upscale Ferry Road Market, world-class beaches, and the bustling CBD. For families, the proximity to prestigious schools like The Southport School (TSS) and St Hilda's is simply unrivaled. Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.