440 Waterworks

There are properties you buy, and then there are properties that choose you. The ones where you walk in and suddenly understand what your next chapter looks like. 440 Waterworks Road is one of those rare ones - A turn-of-the-century Queenslander with more than a century of stories in its bones, relocated to this site in the 1930s, once a women's hospital, a place where life literally began. Now it sits on 865m2 of prime Ashgrove land, generating $1,315 every week while it waits for the person with the vision to see what it could become. That's not a typo. $1,315 a week. The house pays for itself while you decide what comes next. And your options are extraordinary. Live in one residence, lease the other, and let the income carry your mortgage. Hold it as is, a premium income asset in one of Brisbane's most tightly held suburbs. Or one day, when the time is right, reimagine it entirely. On 865m² in this postcode, the canvas is almost impossibly rare. Ashgrove doesn't give up land like this. Ever. Five kilometres from the CBD. Walking distance to Ashgrove State School. Three supermarkets, four banks, cafés and parks at your doorstep. And a Queenslander with genuine character, not the replica, not the renovation, the real thing, with the history to prove it. - 865m² allotment in a blue-chip Ashgrove setting - Character Queenslander with rich local history - Configured into two self-contained flats - Strong holding income with future upside - Flexible configuration for investors or dual living - Potential to further enhance, renovate or reconfigure (STCA) - Ideal site for a future dream home in a premium location A property defined by its versatility, this is an opportunity to secure a foothold in a tightly held enclave while keeping every future pathway open - invest, occupy or transform. Contact Bonnie D'Arcy on 0423 005 563 to arrange a private viewing of this property.