Rare riverfront mega block hits the market

16 Woodberry Ave, Sherwood

Not one, but three, vacant riverfront blocks have hit the market, offering a rare opportunity to snag a blank canvas to build a dream home by the banks of the Brisbane River.

The Sherwood listing is causing a stir, coming off the back of an entire year with no vacant riverfront block sales recorded in the city in 2024, according to agent Ann-Karyn Fraser, of Place New Farm.

Three cleared home sites, each with riverfrontage, along with a fourth site directly behind, will go under the hammer on October 23.

“Riverfront land is the most tightly held in Brisbane. Demand is consistently high, but supply is almost non-existent, that’s why opportunities like this generate so much interest,” Ms Fraser said.

“This isn’t just about buying dirt. It’s about creating a legacy on the river that will hold its value for generations.”

A Queenslander house was demolished to make way for up to four new homes

Ms Fraser said the four blocks within The Moorings enclave at 16 Woodberry Ave totalled just under one acre, with the three front sites measuring 1,048, 977, and 934 sqm each, with the rear parcel sized at 708 sqm.

All remained untouched during both the 2011 and 2022 flood events.

“This is a highly sought-after attribute in Brisbane, adding significant peace of mind and long term value for future river buyers,” Ms Fraser said.

Records show the land previously housed a large Queenslander home, which was demolished after last changing hands for $5.4m in April 2023.

An artist’s impression of a potential new home design

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“You simply don’t get this scale or flexibility on the Brisbane River anymore – three adjoining blocks, completely cleared, in one of Brisbane’s most desirable riverfront suburbs, along with an additional riverside block,” Ms Fraser said.

“We’ve had architecturally designed new renders drawn to show potential buyers exactly how these sites can be transformed into showpieces, whether as one extraordinary estate or multiple high-end residences.”

PropTrack data shows house prices in Sherwood were up 18.4 per cent over the past year to a median of $1.722m.

The sites will go under the hammer

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