Equity in the Making - Renovate a Character Cottage on a Flexible 1,012m² Block

5 Rae Street, Bundaberg North QLD 4670

Offers Over $399,000
1Bedrooms
1Bathrooms
1Carspace

Set on a fully fenced 1,012m² block in North Bundaberg, 5 Rae Street is a genuine opportunity for the buyer ready to do the work - a Queenslander cottage that needs a renovation to bring it back to comfort, carrying real character beneath the work it needs. The block is the real prize: 20m wide and 50m deep with plenty of side access, there's scope to renovate and add value now, then capitalise on the land down the track with room to add a second dwelling (STCA).

It's a practical, well-connected spot. The home sits flood-free - untouched in the 2013 floods - with Mount Perry Road at hand, taking you directly into the Bundaberg CBD in around 5 minutes across the river, or north towards Moore Park Beach. North Bundaberg State School and the high school are within walking distance, the Northside IGA complex - with doctors, a vet and everyday shopping - is only a few minutes away, and the long, established yard gives you room to work with from day one.

Step inside and discover:

- A renovation project with genuine equity to be made - a character cottage priced to reflect the work ahead

- VJ walls through the main living area, carrying genuine period character

- A small sunroom at the front door leading into the main living area, with a flexible adjoining space that suits a home office or second lounge

- Dining room directly off the kitchen, and a good-sized bedroom off the kitchen with 3 windows drawing in plenty of natural light

- A second living area downstairs connecting to the bathroom and laundry, with the laundry opening to a separate toilet and out to the yard

Step outside to the block:

- A fully fenced 1,012m² allotment - 20m wide and 50m deep - the true standout, with plenty of side access and room to add a second dwelling (STCA)

- A long, deep yard with established gardens, plus an old shed and rotunda to the rear

- Flood-free position, untouched in the 2013 floods

- Direct access onto Mount Perry Road - around 5 minutes into the CBD, or north toward Moore Park Beach

- Walking distance to North Bundaberg State School and high school, with Northside IGA, doctors, vet and shopping only minutes away

- Vacant and ready for the new owner to start work

A character cottage ready to transform on a flexible block with genuine long-term upside, 5 Rae Street is an honest entry point for the builder, renovator or investor - or the buyer looking to break into the market at a sharp price and build equity through the work. Arrange your inspection today and see the potential for yourself.

Drop by the next open home or contact us to arrange a private inspection, or to request the full Information Memorandum

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Key details
Land size (approx.) 1012 m2
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Dion Turner - Sales Associate
Current Listings
Dion Turner

Sales Associate

0422 374 825
Ainsley Driver - Principal/Owner
Current Listings
Ainsley Driver

Principal/Owner

0422 288 907
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