4 Magnetic Street, Mermaid Waters QLD 4218

Opportunities like this are becoming increasingly difficult to find in Mermaid Waters. Offered for the first time in 41 years and set on a substantial 737m² north-east facing block in a quiet, tightly held pocket, this solid brick and tile property offers an exciting opportunity for buyers looking to renovate, improve and add significant value over time. The home is presented in largely original condition and has been well loved and carefully maintained over the years. While it is perfectly liveable as is, the real opportunity lies in transforming the existing residence into something truly special. Whether you're planning a considered renovation, modernising the interiors or planning a complete overhaul and taking advantage of the generous land to enhance the outdoor spaces, there is plenty of scope here. The existing floorplan provides three good-sized bedrooms all with built in robes, and two bathrooms, with the master bedroom featuring its own ensuite. The functional kitchen with original timber cupboards offers plenty of storage space. There is also a separate toilet, dedicated dining room and separate laundry, giving you a solid foundation to work from. Carpet and ceiling fans feature throughout, along with split-system air conditioning for year-round comfort. Take advantage of the good-sized double garage, while pedestrian side access provides added convenience and flexibility for accessing the backyard. At the rear, the property really comes into its own, with an enormous undercover entertaining area overlooking a large, flat grassed yard. There is a garden shed already in place, while the generous dimensions of the block provide plenty of room to create landscaped gardens, additional outdoor living spaces or potentially introduce a swimming pool, subject to the relevant approvals. Beyond the backyard is one of the property's biggest advantages - Morialta Park, a large waterfront parkland, with direct pedestrian gate access from the property. It's an exceptional lifestyle benefit, particularly for families, those with dogs or anyone who enjoys having expansive open space right on their doorstep. And then there's the location. Tucked away on a quiet road accessed only by local traffic, this is a private and peaceful pocket of Mermaid Waters while remaining incredibly convenient. The Q Supercentre is within 1 kilometre, providing easy access to shops, dining, services and everyday essentials, while Mermaid Beach is just 3km away and Merrimac State High School is also close by. For buyers who can recognise the potential underneath, this is a property worth serious consideration. A solid brick and tile home, substantial 737m² landholding, double lock-up garage, pedestrian side access and waterfront parkland at the rear combine to create an outstanding opportunity to renovate, add value and secure a sizeable piece of Mermaid Waters in a fantastic Gold Coast location. Property Features • 737m² landholding offered for first time in 41 years • Outstanding renovation and value-add potential • North-east facing block • Solid brick and tile construction • Original condition and well cared for • Quiet street with local traffic only • Huge covered outdoor entertaining area • Enormous grassed backyard with garden shed • Scope to landscape or potentially add a pool • Double lock-up garage • Pedestrian side access • Direct pedestrian gate access to large waterfront Morialta Park from the rear • 3 bedrooms with built in robes • 2 bathrooms, including master with ensuite • Air conditioned with ceiling fans • Separate toilet • Separate dining room • Separate laundry • Conveniences of Q Supercentre within 1km • Close to Merrimac State High School • 3km to Mermaid Beach Property Specifics: • Council Rates: $1,660* per half year • Water Rates: $340.43* per quarter • Rental Appraisal: Estimated rental income of $1,100-$1,200 per week *Approx. Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.