FOR SALE
EOI closing Friday 30 August at 4pm

387-393 Kamerunga Road
Redlynch QLD 4870

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 3395m2
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Residential Development Site or Home + Upside

Colliers Cairns are pleased to present to the market the property located at 387-393 Kamerunga Road, Redlynch.
In a market where 400m2 allotments are becoming the norm, this property offers a chance to more than buck that trend, with a combination of an existing character home on over 1,000m2 with an additional separate title of over 2,300m2 with potential for development to suit a range of uses (total 3,395m2).
Just 100m* from Redlynch's most iconic corner and conveniently close to schools, shopping and facilities, this tightly held property could suit a wide range of end users, be it a private character home, living an (almost) acreage lifestyle in the middle of suburbia or residential development from duplex, to quadplex, villa style development or indeed a full scale unit site - with previously approved plans for 26 units and potential for more (STCA).
The existing home sits on the smaller (1,070m2) allotment, with the highset home featuring traditional features such as timber floors, clay brick veneer and large living areas and bedrooms as well as an enclosed patio enjoying cool breezes. There are 3 bedrooms and 1 bathroom upstairs, with the kitchen and bathroom having been updated approximately 10 years ago. Downstairs is fully enclosed and features a large laundry room and open storage/workshop space with a single panel-lift garage door. In liveable condition, the property would benefit from updates and TLC, with strong bones offering the potential for significant upside in the hands of an experienced renovator. Currently on a periodic lease, vacant possession is available.
The balance land is mostly flat to very gently sloping and is unimproved, bounded by established housing to the rear, and a creek on the eastern boundary. With the benefit of 2 separate titles, you could retain and renovate the home as a character residence on a large block with room for pool and shed while developing the other side, or alternatively go all-in to redevelop the whole site.
Offered for Sale by Expressions of Interest, offers are due by 4pm on Friday 30th August 2024. Offers to purchase lots individually or in-line will be considered. The seller reserves the right to accept offers prior to the close date, and buyers are encouraged to engage early rather than risk missing out. Open Homes will not be conducted, and inspections are strictly by prior appointment with a minimum of 24 hours' notice.
As the property is being sold without a price, a written price guide cannot be given under QLD Law. Buyers are encouraged to make their own investigations as to value and development potential.
Information Memorandum and contract documents available from the agent - contact Tom Quaid.
*approximately
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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Property Details for 387-393 Kamerunga Rd, Redlynch

387-393 Kamerunga Rd, Redlynch is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 3395m2. The place is currently for sale with Colliers International (Cairns).

Building Type
House
Land Size
3395m2

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About Redlynch 4870

The size of Redlynch is approximately 25.4 square kilometres. It has 23 parks covering nearly 3.6% of total area. The population of Redlynch in 2011 was 8,645 people. By 2016 the population was 9,729 showing a population growth of 12.5% in the area during that time. The predominant age group in Redlynch is 40-49 years. Households in Redlynch are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Redlynch work in a professional occupation. In 2011, 70% of the homes in Redlynch were owner-occupied compared with 71.6% in 2016.

Redlynch has 4,247 properties. Over the last 5 years, Houses in Redlynch have seen a 50.71% increase in median value, while Units have seen a 76.63% increase. As at 31 July 2024:

  • The median value for Houses in Redlynch is $717,117 while the median value for Units is $403,336.
  • Houses have a median rent of $690 while Units have a median rent of $485.
There are currently 65 properties listed for sale, and 8 properties listed for rent in Redlynch on OnTheHouse. According to CoreLogic's data, 237 properties were sold in the past 12 months in Redlynch.

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Tom Quaid
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