FOR SALE
$830,000+ SUBDIVIDE NOW!

34 Galahad Street
Marsden QLD 4132

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 188m2
Land area: 1031m2
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DA APPROVED 1 INTO 2 - RETAIN THE HOUSE!!

A rare opportunity awaits at 34 Galahad Street, Marsden! This highset home sits on a massive 1031m² block and already has development approval in place to subdivide, allowing you to get started straight away! Whether you're a developer looking for your next project or an investor wanting to capitalise on a booming area, this property offers unparalleled potential.
The existing high set home features 3 spacious bedrooms, 1 bathroom upstairs, and a huge deck area off of the rear of the home. The property also boasts approved plans for a brand-new home to be built at the rear, giving you the chance to add significant value with minimal delays and retain your privacy still. Plus, there's still ample opportunity to further renovate the existing house to create a dual-living layout, increasing rental returns even further.
Situated in a prime location just a short drive to Marsden State School, shopping centres, and public transport, this is the perfect spot to develop and hold. Tenants are already in place acknowledging the subdivision and with approvals already, you can start work right away with no delays!
Rental appraisal is to achieve $560 per week in the current market.
Tenanted until 24 June 2025 at $500per week - REDUCED TO COMPENSATE FOR SUBDIVISION
Reconfiguration is at operational works tender phase - THE TIME CONSUMING & COSTLY PART IS ALREADY HANDLED. Majority of surveyors, engineers, council fees have been actioned already.*
DA EXPIRES APPROX 4 YRS TIME
Main residence to stay on 531m2 block + 500m2 vacant block at the rear
Proposed 4 bed 2 bath 2 living area 2 car garage home already designed!
Two car garage facility + 2nd toilet downstairs
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Property Details for 34 Galahad St, Marsden

34 Galahad St, Marsden is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1031m2 and floor size of 188m2. The place is currently for sale with Ray White Marsden.

Building Type
House
Floor Size
188m2
Land Size
1031m2

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About Marsden 4132

The size of Marsden is approximately 6.1 square kilometres. It has 18 parks covering nearly 11.2% of total area. The population of Marsden in 2011 was 11,279 people. By 2016 the population was 14,070 showing a population growth of 24.7% in the area during that time. The predominant age group in Marsden is 0-9 years. Households in Marsden are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Marsden work in a machinery operators and drivers occupation. In 2011, 53.6% of the homes in Marsden were owner-occupied compared with 44.7% in 2016.

Marsden has 5,272 properties. Over the last 5 years, Houses in Marsden have seen a 97.43% increase in median value, while Units have seen a 107.07% increase. As at 31 October 2024:

  • The median value for Houses in Marsden is $714,104 while the median value for Units is $571,677.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 47 properties listed for sale, and 17 properties listed for rent in Marsden on OnTheHouse. According to CoreLogic's data, 282 properties were sold in the past 12 months in Marsden.

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Rebecca Cuderman
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Taha Artani
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Ray White Marsden
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