Narrow block of land with footpath down the middle for sale for $400,000

PHOTO: 27 Leslie Crescent

A narrow block of land with a footpath smack down the middle has hit the market for $400,000.

The land, situated at 27 Leslie Crescent in West Caloundra, Queensland, is just 4.6 metres wide and 129 metes square.

Sexy real estate agents – FUN Instagram Page | sexy.agents

The property, apparently suitable for a very compact terrace, is 100m walk to the recently completed local shopping precinct with cafes, bars and a public school.

“[It is] Stockland‘s responsibility to restore the block to a vacant condition after the end of the lease,” the listing says.

“The new owner will get a healthy return during the planning stage of their brand new home.”

Profile your business (for 12 months) – ONLY $499 INCL GST

However, the lease, which includes the footpath, still has more than six months before it expires.

“First home buyers and savvy investors will see the value in an entry level priced land within a very fast growing area,” the listing continues.

“Secure this land and plan for the future before Sunshine Coast prices get even further out of reach.”

The block of land with footpath down the middle has listed for $400,000. Picture: Domain

According to Domain, the footpath may be removed after the lease has expired. Picture: Domain

It comes as house prices across the state continue to soar, with the cost of property on the Sunshine Coast increasing by 33.7 per cent, and 31.9 per cent in the Gold Coast in the last year alone.