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834 Waterworks Road, The Gap, Qld 4061 For Sale
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834 Waterworks Road, The Gap, Qld 4061

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House
Type
5
Bedrooms
3
Bathrooms
3
Parkings
885 m²
Area

Published on Tuesday, September 15, 2026 ( See property details for 834 Waterworks Road, The Gap, Qld 4061)

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Open on Saturday 19 September 10:00 am | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile three-residence property offering excellent income potential and flexible living options in a prime location opposite Ashgrove Golf Club.

🏡 Property Highlights

  • Unique three-residence investment opportunity on a generous 885m² block
  • Positioned directly opposite Ashgrove Golf Club with scenic views
  • Excellent potential rental income of up to $1,950 per week
  • Character-filled Queenslander-inspired architecture with versatile living options
  • Two self-contained one-bedroom units with individual bathrooms and open-plan layouts
  • Spacious three-bedroom main residence with multiple living areas and outdoor deck

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Waterfront / Views
  • Balcony
  • Garage
  • Security Screens / Gates
  • Fly Screens
  • Fully fenced
  • Ceiling Fans
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834 Waterworks Road
The Gap, QLD 4061
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Vertical aerial view — 834 Waterworks Road
834 Waterworks Road — Vertical Aerial  •  The Gap, QLD 4061  •  Nearmap © 2026

The Gap is a highly sought-after suburb known for its leafy streets, scenic views, and family-friendly atmosphere. It offers excellent amenities including shopping centres, cafes, and public transport, all within easy reach of Brisbane CBD. The area boasts a strong community vibe, outdoor recreational spaces, and proximity to golf courses, making it ideal for families and investors alike.

What is the current condition of the property and are there any recent renovations?
The property is well-presented with character-filled architecture and recent additions such as the outdoor deck, offering a move-in-ready condition with potential for further upgrades.
Can the property be easily converted back into a larger family home?
Yes, the property offers the flexibility to be converted back into a 5 or 6 bedroom residence with multiple living areas, suitable for larger families or intergenerational living.
What are the zoning and planning restrictions for this property?
The property is situated on an 885m² allotment within the local council zoning, which permits multiple residences and potential future development, subject to council approval.
Are there any known issues or defects with the property?
Based on current information, the property is in good condition; however, prospective buyers should conduct their own inspections to identify any specific issues.
What are the nearby amenities and transport options?
The property is close to The Gap Village Shopping Centre, cafes, restaurants, public transport, and is less than 10km from Brisbane CBD, providing excellent convenience.
Are there any easements, covenants, or zoning restrictions that could affect future development or renovations? Has the property been affected by any flooding or bushfire risks in the past? Are there any upcoming planning or construction projects nearby that could impact the property’s value or living environment? What are the strata or body corporate arrangements, if applicable? Are there any hidden costs associated with maintaining the shared backyard or other communal areas?

834 Waterworks Road, The Gap, Qld 4061 - More Details

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Offering versatility, strong income potential and an outstanding position opposite Ashgrove Golf Club, this unique three-residence property presents an exciting opportunity for investors, extended families or buyers seeking a home with multiple living options.

Set behind a charming Queenslander-inspired façade on a generous 885m² allotment, the property comprises three well-presented residences, each enjoying plenty of natural light and character.

The lower level features two self-contained one-bedroom units, each with its own bathroom and open-plan kitchen, living and dining area, with the opportunity to easily add a second bedroom to increase the rental return on both.

Upstairs, the larger residence offers three bedrooms, one bathroom, and a separate toilet, a well-appointed kitchen and two separate living areas, with one flowing directly onto the newly added deck.

Outside, the expansive leafy backyard provides plenty of shared space to relax and enjoy. For buyers wanting a traditional family home, the property also offers the flexibility to be converted back into a substantial 5 or 6 bedroom intergenerational residence with multiple living areas.

The location is equally appealing. Ashgrove Golf Club is directly across the road, while local cafés, dining and everyday conveniences are all close at hand. The Gap Village Shopping Centre is approximately two minutes away by car, public transport is easily accessible and Brisbane CBD is less than 10km away.

Potential Rental Income:

Unit One – $550 - $600 per week
Unit Two – $550 - $600 per week
Main residence – $700 - $750 per week
Combined potential income – $1,800 - 1,950 per week

Property Highlights:

Unique three-residence investment opportunity on 885m²
Positioned directly opposite Ashgrove Golf Club
Excellent potential rental return with three separate living arrangements
Attractive Queenslander-inspired character
Two lower-level one-bedroom, one-bathroom residences
Spacious upper-level three-bedroom residence
Two separate upstairs living areas plus a new outdoor deck
Large, leafy shared backyard
Potential to convert back into a five-bedroom family home
Approximately two minutes to The Gap Village Shopping Centre
Close to cafés, restaurants, public transport and local amenities
Less than 10km from Brisbane CBD

Disclaimer: The stated P/A income potential is an estimate only and should not be relied upon as a guarantee of actual rental return. Interested parties should conduct their own independent enquiries and seek professional advice before making any decisions based on this figure.
Type
House
Bedrooms
5
Bathrooms
3
Parkings
3
Area
885 m²
Study
1

Inspections times

  • Inspection Sat 19 Sep 10:00 am

    Saturday 19 September
    10:00 am - 10:30 am
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