60 Derby Street, CoorparooQLD 4151

Positioned in a quiet and elevated pocket of Coorparoo, this well-located post-war home presents an outstanding opportunity for investors, future owner-occupiers and those seeking longer-term development potential. Set on a generous parcel of land, the home combines classic post-war character with practical living and plenty of flexibility. Original timber flooring and decorative cornices add warmth and charm, while air-conditioning throughout provides year-round comfort. Spacious living and dining areas are complemented by abundant natural light, creating a comfortable and welcoming environment. The functional kitchen offers ample cabinetry, generous bench space and a stove, making it ready for immediate use while also providing scope for future improvement. Accommodation comprises three bedrooms, all with air-conditioning, with two featuring built-in wardrobes. A recently renovated bathroom services the home, while the versatile multipurpose room beneath the house provides an ideal space for a home office, studio, hobby room or additional living area. With its own external access, this space offers exceptional flexibility for modern work-from-home living. Further features include a dedicated study nook, lock-up garage, substantial under-house storage and a large fully fenced yard. Enjoy the peace and privacy of a sought-after Coorparoo street while remaining conveniently close to local shops, primary schools and public transport. Major shopping centres, dining, entertainment and other lifestyle amenities are also only a short drive away. Offering a compelling combination of secure rental income, future owner-occupier potential, generous land, LMR2 zoning and development upside, this is an opportunity to secure a versatile property in one of Brisbane's established inner-south suburbs. Currently leased at $750 per week through to February 2027, the property offers immediate rental income and strong appeal for investors. It also provides an attractive opportunity for buyers planning to move in next year, allowing them to secure the property today while generating rental income in the interim. Adding further appeal is the property's LMR2 Low-Medium Density Residential zoning, allowing a mix of low-to-medium density residential development, including potential two- or three-storey outcomes, subject to site-specific planning requirements and Council approval. This zoning provides an additional layer of long-term value and makes the property particularly appealing to buyers looking beyond the existing residence and considering future opportunities.