Put a tick in all the boxes. Premium position – tick. Development potential – tick. Land size – tick. Here is 792m² located in exclusive Yabba Street, with so many options it’s hard to know what to do.

Firstly, let’s look at the location. Tucked away in a child-friendly cul-de-sac, only a short walk to Ascot Primary School and Oriel Park, minutes to the shopping and dining precincts of Racecourse Road and Portside, and just 4km to the CBD and Brisbane airport – this position is hard to beat.

Next, consider the development potential. Sitting on the block is a low-set, cavity brick post-war home that can be removed without any fuss. This solid home has two bedrooms and one bathroom, and will return a nice rental income in the short or long term, depending on your plans.

Of course, there’s no reason why you can’t use the existing home as the foundation for your future masterpiece – perhaps by adding an upper level and some ground floor extensions. It would also make a comfortable home to live in while you plan your extensive renovations or new home.

Lastly, let’s talk about the land size. This is a lovely big flat block with easy access and room for a massive residence. If you have been searching for a block large enough for a colossal family home or a luxury executive pad, with 792m² at your disposal, there’s no need to compromise.

This block will easily accommodate a home incorporating four bedrooms, master retreat with walk-in robe and ensuite, three bathrooms, office, media room, formal and informal living and dining rooms, massive outdoor patio and upper balconies, a double or even triple garage, plus a pool and gardens for the children to play in. Heck, you could even throw in a gazebo or pool house to boot.

The property is surrounded by some of Ascot’s most prestigious homes, so it will be virtually impossible to over-capitalise in this location.

So there you have it. You’ve ticked all the boxes. But don’t wait too long. Other buyers are ticking their boxes too and just might beat you to the prize.