492 Waterford Road, Ellen GroveQLD 4078

Listing data updated 29 June 2026

492 Waterford Road presents a rare and exciting opportunity to secure a substantial landholding within one of Ellen Grove's emerging growth corridors, offering exceptional potential for developers, land bankers, investors, and future-focused buyers alike. Perfectly positioned within a development zone and surrounded by ongoing residential expansion and infrastructure growth, this is the type of opportunity becoming increasingly difficult to secure in Brisbane's evolving western corridor. Whether your vision is to land bank, explore future redevelopment potential, generate rental income while holding, or secure a strategic site in a high-growth precinct, this property offers outstanding versatility and long-term upside. The existing residence provides immediate functionality and comfortable liveability, allowing buyers the flexibility to move in, lease out, or hold while planning future possibilities. Renovated by previous owners into a warm and restful abode, the home features three bedrooms, one bathroom, light-filled interiors, and practical indoor-outdoor connectivity designed for relaxed everyday living. Set across a generous allotment with expansive usable outdoor space, the property offers ample room for additional vehicles, equipment, storage, entertaining, or future enhancements. A double-car garage and outdoor shed further enhance practicality and functionality for owner-occupiers and investors alike. Positioned moments from schools, shopping centres, transport links, and major arterial roads including the Logan Motorway and Centenary Highway, the location continues to experience strong buyer demand driven by ongoing population growth, infrastructure investment, and residential development throughout the surrounding region. What We Love: - Significant development-zoned landholding with outstanding future potential - Exceptional opportunity for developers, land bankers, and strategic investors - Generous allotment with strong long-term upside in a high-growth corridor - Existing three-bedroom residence providing immediate rental return or liveability - Comfortable light-filled interiors with practical indoor-outdoor flow - Expansive usable yard with flexibility for vehicles, storage, entertaining, or future improvements - Double-car garage plus additional outdoor shed - Excellent accessibility to major transport corridors and key infrastructure - Strong surrounding residential growth and increasing demand throughout the precinct - Versatile opportunity to invest, occupy, lease, or explore future redevelopment potential Location Highlights: - Minutes from local schools, childcare centres, and parklands - Close proximity to Forest Lake Shopping Centre and the Richlands retail precinct - Easy access to the Logan Motorway and Centenary Highway - Convenient access to public transport and everyday amenities - Positioned within an evolving growth corridor experiencing ongoing infrastructure investment Education Highlights: - In catchment for Forest Lake State School and Forest Lake State High School - Close proximity to St John's Anglican College - Nearby Grand Avenue State School and Carole Park State School - Convenient access to multiple childcare and early learning centres Offering a rare combination of strong land value, development potential, immediate holding income, and strategic positioning within a rapidly evolving precinct, 492 Waterford Road, Ellen Grove, represents an outstanding opportunity to secure a future-focused asset in one of Brisbane's emerging growth locations. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for functionality purposes. Your future opportunity awaits.