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120 Riverstone Road

Gordonvale, QLD 4865, Australia
MUST BE SOLD!
2 bed 1 bath1012m²

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About this property

This solid, older-style home presents a practical opportunity for buyers seeking an entry-level purchase, investment holding, or a site with clear development upside. Well built and tidy throughout, the property is very liveable in its current form while offering flexibility for future plans. The home features a strong underlying structure and there is no asbestos, providing peace of mind for owners and developers alike. Property highlights: - Solid, well-built older-style home - Kitchen previously updated - Strong structure with solid internal walls and roof - Existing layout suitable for subdivision or redevelopment - Fully fenced - Vacant possession The block is highly suitable for a duplex development, with straightforward approval potential. Battle-axe or split-block configurations are also well supported, while a triplex may be possible with a Development Application. Survey plans and concept drawings are available to demonstrate the site's potential. Located in Gordonvale, the property appeals to first-home buyers, investors, builders, and developers looking for value-add opportunities or future development flexibility. Comparable sites in the area have shown strong buyer interest when development potential is clearly demonstrated. IN-ROOM AUCTION When: Tuesday, 26 May 2026 Where: The Bluewater Bar & Grill - The Lighthouse Room Time: 5:30pm Secure your spot early! Register now for a seamless bidding experience at our upcoming auction: https://auctionslive.com/app/bidder-registration/YA70d This is a well-positioned property that combines immediate usability with longer-term options, making it suitable for a broad range of buyers. Disclaimer - Ray White Cairns & Beaches and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

Property Features

    View full listing on Domain

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    Repayment calculator

    $3,878/month
    $1,939 /fortnight
    Loan $640,000 at 6.10% over 30 years

    Price estimated from comparable nearby — edit below to use your own number

    Upfront costs

    Deposit$160,000
    Stamp duty$29,025
    Conveyancing (est.)$2,000
    Total upfront$191,025
    Verify with QLD revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    2
    Bathrooms
    1
    Land Area
    1012m²
    Listed
    1 week ago

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