49 Windemere Avenue,

Morningside

Auction in-rooms at McGrath Bulimba 2/171 Oxford Street, Bulimba

In one of Brisbane's most family-friendly pockets, metres from Seven Hills Bushland Reserve and just around the corner from popular Keralgerie Park and The Blue Poppy cafe, is this generous 683sq m post-war property which offers excellent development/investment opportunities (STCA).

With a solid rental history, in a hugely desirable location, there's strong investor confidence in this three-bedroom, one-bathroom home overlooking a large fenced backyard. Its double-storey layout features enormous lower level storage which could be built-in during more extensive renovation works (STCA). Alternatively, there's the possibility of knocking down the existing timber house to build a new luxury residence.

Less than 15 minutes from Brisbane's CBD, close to excellent schools including St Oliver Plunkett and Cannon Hill Anglican College, and within walking distance of a bus and train service. Hawthorne and Bulimba cafe precincts are close by, as are Morningside's Flour & Chocolate Patisserie and The Pizza Garden.

• 683sq m post-war development opportunity in hugely popular family suburb
• Rent as is, renovate including building in underneath, or develop (STCA)
• Three bedrooms, one bathroom, living room, open-plan kitchen/dining to deck
• Timber floors, air-conditioning, ceiling fans, security screens, separate laundry
• Large fenced grassy yard, plenty of off-street parking, double side access
• Cannon Hill State School and Balmoral State High School catchments
• Close to excellent private schools including Lourdes Hill College and CHAC
• Walk to a train and bus service, and 1.9km to a CityCat into the CBD
• Metres from Seven Hills Bushland Reserve, close to great cafes and shops