583 Ipswich Road

Set just 6km from the Brisbane CBD, 583 Ipswich Road, Annerley offers a rare chance to secure a large inner-city block with solid holding income and genuine development potential. Sitting on an expansive 837sqm parcel with LMR2 zoning (STCA), this is a standout opportunity for investors, developers, or those looking to landbank in a proven growth corridor. Strong Holding Income & Flexible Setup The property is well suited to investors chasing immediate returns with upside, offering multiple income streams and flexible living arrangements: Generous five-bedroom main house with multiple living areas Self-contained two-bedroom flat with its own private entry Versatile lower level with additional rooms, kitchenette and amenities This layout lends itself to co-living, multi-tenancy or dual occupancy, with scope to increase rental returns over time. Development Potential & Land Value Blocks of this size in this location are getting harder to come by: 837sqm allotment with LMR2 zoning (Low-Medium Density Residential) Potential for units, townhouses or redevelopment (STCA) Ideal for landbanking while generating income Value-Add Opportunity Opportunity to renovate and lift rental yield Reconfigure for higher-yield rooming or shared accommodation Hold, improve, and capitalise on future development potential Location That Drives Demand Annerley remains a consistently popular pocket thanks to its convenience and connectivity: Walk to Fairfield train station Minutes to Fairfield Gardens Shopping Centre Easy access to major hospitals, universities and the CBD Strong appeal for tenants working or studying nearby Key Investor Features Multiple income streams already in place High-demand rental location Parking for up to 10 vehicles, ideal for multi-occupancy Solid long-term growth fundamentals The Opportunity 837sqm inner-city landholding LMR2 zoning with clear development upside (STCA) Immediate income uplift to meet market rent so as to increase yield Rare combination of scale, location and flexibility Opportunities like this don't come up oftensecure a quality inner-city site with income now and upside for the future. Get in touch today to arrange an inspection and explore the potential. DISCLAIMER Whilst every care is taken in the preparation of the information contained in this marketing, we will not be held liable (financially or otherwise) for any errors or omissions relating to the property, contents and/or facilities in the property or complex. All interested applicants should rely upon their own investigations to determine whether the property is suitable for their needs and all contents and facilities are present.