870 Kingston Road

Waterford West QLD 4133

Positioned on an expansive 1,955m parcel (just under half an acre), this exceptional property presents a rare opportunity to secure a substantial landholding in one of Waterford West's most tightly held and high-growth pockets.Boasting valuable dual-street access and a practical, near-level block, the site offers outstanding potential for subdivision into four lots (STCA). Alternatively, it provides an ideal setting for buyers seeking space and flexibility - perfect for extended family living, a home-based business, or future infrastructure additions.The existing residence is warm, comfortable and full of character, featuring polished timber floors, air-conditioning and a highly versatile layout. Upstairs comprises open-plan living and dining, a well-appointed kitchen, three bedrooms and a family bathroom. Downstairs offers a spacious second living area, office/study, laundry and seamless flow to the large covered alfresco zone - an ideal space for entertaining or unwinding year-round.Outdoor FeaturesStep outside to a fully fenced, private and beautifully maintained block that balances space with functionality. The property includes a powered 6m x 5m shed, multiple carports and extensive open yard space - ideal for tradies, storage, pets or simply enjoying the outdoors. There is ample room for gardens, a pool or future improvements, all while maintaining a peaceful acreage-style atmosphere.Investment & Development PotentialFor investors or land-bankers, the property offers immediate income with a quality long-term tenant in place, leased until August 2026 and returning $670 per week. This allows you to generate strong holding income while planning future development opportunities.Strategic Growth LocationSet within a rapidly expanding South-East Queensland growth corridor, this is an outstanding opportunity for a savvy purchaser with the vision to capitalise on rising demand and limited land supply. Development-ready sites of this calibre are becoming increasingly scarce in Waterford West.Property Highlights 1,955m block (just under acre) with dual-street access Subdivision potential for four lots (STCA) Spacious dual-level residence - 3 bedrooms + office | 1 bathroom | 3 car accommodation Approx. 299m under roof Timber floors, air-conditioning and flexible living spaces Expansive covered alfresco area and deck Powered 6m x 5m shed plus multiple carports Fully fenced, private and well-maintained grounds Quality tenant secured until August 2026 at $670 per weekUnbeatable ConvenienceMoments from Waterford Plaza, Tygum Lagoon and parklands, public and private schools, Marsden Park Shopping Centre, dining and entertainment precincts, Logan Hospital and major motorway access connecting Brisbane, the Gold Coast and Ipswich.A truly rare offering combining lifestyle appeal, strong income and exceptional future upside - live in, invest or develop. The potential here is outstanding.