81 Lancaster Street, Garbutt
Listing data updated 3 Aug 2026
- Positioned on a generous 809sqm allotment in the ever convenient suburb of Garbutt, this charming cottage presents an outstanding opportunity for investors, developers, land bankers and owner occupiers alike. Comfortable and liveable as is, the home offers immediate enjoyment while presenting incredible future potential. Behind the established fencing and side access sits a neat two-bedroom cottage full of character, featuring traditional features and a functional layout. The kitchen offers ample storage and practicality, while the open-plan living and dining area creates a welcoming space to relax and unwind. What truly sets this property apart is the future upside. With subdivision plans already considered, buyers can fast-track their vision and unlock the full potential of this sizeable allotment. (STCA) Rarely do opportunities like this present themselves with both immediate usability and significant future upside. Whether you're seeking your next development project, a strategic landholding investment or a property with room to grow, 81 Lancaster Street delivers endless possibilities. Adding even further appeal, the adjoining block is also available for purchase and offers a similar development opportunity. Savvy buyers may wish to secure both properties and explore the potential to create a larger-scale development by connecting the rear allotments through future subdivision, maximising the potential of this unique offering. - Rental appraisal $520 per week - Council rates and water approx $2427 per half year
RealistIQ deal score
Watch value signal
61
/100
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Estimate vs market price guide
Market price guide is $62,000 below RealistIQ estimate
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Listing details
- Status
- Mid $500,000s
Agent and agency
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