5 Donowain Drive, Deception BayQLD 4508

DA Approved Subdivision | Dual Side Access | 599m² Block Opportunities offering this level of flexibility are becoming increasingly rare. Positioned on a fully fenced 599m² block with dual side access via two gates, this property presents an outstanding opportunity for homeowners, investors and developers alike. With Development Approval already in place for a 1 into 2 lot subdivision, there are multiple ways to maximise the property's potential: ✔ Retain the existing home and add a granny flat (STCA) ✔ Utilise the DA-approved subdivision and create two separate lots ✔ Enjoy immediate rental income while planning your next move The existing three-bedroom brick home is comfortable, functional and currently leased at $600 per week until 29 July 2026, providing a secure income stream from day one. Property Features: ✔ DA approved for a 1 into 2 lot subdivision ✔ Existing income-producing home ✔ Separate rumpus room, teenager's retreat or entertaining area ✔ Dual side access ✔ Triple lock-up garage plus garden shed and undercover area ✔ Fully fenced 599m² block ✔ Walking distance to local shops, parks, public transport and the waterfront Whether you're looking for a place to call home, a solid investment, a granny flat opportunity or your next development project, this property delivers flexibility and future potential rarely found in today's market.