Surrounded by multi-million dollar properties in the tightly-held Highgate Hill river precinct here is a once in a lifetime chance to create an inner-city masterpiece or pursue your own development ideas.

Elevated above the road in a quiet cul-de-sac location, 27 Derby Street is a prewar house with extensive river, Mount Coot-tha and UQ views, all just 2kms from Brisbane's CBD. The house itself is in an original condition and offers buyers the opportunity to live in "as-is" or to renovate/redevelop as desired. Set on a massive 607sqm block and zoned LMR2 there is the opportunity to create a luxury home to match those nearby, build a unit or two at the rear of the existing house even develop townhouses across the site.

The views from an upper level would be striking! Architectural plans are available for various development options. Property details include:

• Original pre-war house on 607sqm block, LMR2 zoning
• Large living room, open plan kitchen and family room
• 3 bedrooms, master with en-suite and built-in robe
• Family bathroom, laundry, sleep-out, garage and carport
• Inground free-form pool, extensive storage under
• Elevated position with far-reaching views
• Aircon and fans, carpeted throughout
• Short walk to city-bound buses to CBD via West End.

Derby Street is a quiet residential street in the Highgate Hill river precinct. It is accessed off Gladstone Road and is conveniently located just minutes to vibrant West End and the CBD. It sits within the prestigious West End State School and Brisbane State High School catchment areas. Close by are Saint Ita's Catholic Primary School, Somerville House and TAFE Queensland and Griffith University's South Bank campuses. The PA and Greenslopes hospitals are nearby and the University of Queensland is just a short CityCat ride away.

Highgate Hill is a sought-after mix of inner-city historical architecture and buzzy modernity. The vibrant local cafe and market scene, complemented by abundant public transport, have made this suburb one of Brisbane's most desired and value-holding.

Disclaimer

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes