Half-finished Kingston corner block up for grabs at weekend auction

Marketed by sales agents Ramin Bay and Vivienne Cheah of Ray White Logan City, the property at 22 Ashvale Street, Kingston, offers a “blank canvas” on a flat 600sqm allotment and goes to auction on Sunday, 26 April at 10am.

After four weeks on the market, the listing has drawn significant interest from buyers looking to bypass the small lot sizes of new developments in favor of established land with freedom.

Ms Cheah said the property has attracted a specific demographic of savvy buyers who look out for “distressed” assets.

“In the Logan area, half-finished or fire-damaged homes are actually quite popular,” Ms Cheah said.

“About 40 per cent of the people coming through are buyers we’ve met before - they know we specialise in this niche. We’ve sold more than 10 of these types of properties recently, including four just this year.”

Ms Cheah noted that while the home is still classified as safe for inspections, many prospective buyers are viewing it strictly as a “knock-down” opportunity.

“People love the block. It’s a rare, flat corner piece of land with no trees. In new areas like Logan Reserve, blocks are much smaller and come with heavy restrictions," Ms Cheah said.

“Here, you have the space to do what you want.

“We don't truly know what people will pay for a half-burnt, half-finished house until auction day.”

Ms Cheah said: “We recently sold a totally burnt home on 800sqm at 18 Cypress Street, Woodridge- we expected $600,000, and it went for $727,000”.

“The appetite for land in Logan is incredible,” she said.