24 Parklands Circuit, Boondall QLD 4034

Compressed resale ceiling from 1996 base | No flood or bushfire but zoning holds no upside | Yield below suburb average by 30bp | Side access potential uncovered This property demands a trade-off. Holding from 1996 gives you zero cost base but caps any forced appreciation unless you subdivide or build a shed on the 782m² block. The 20m² building area figure likely excludes covered patio and garage, so treat livable space as roughly 140-160m². Lowset brick with floorboards and two living areas protects resale against the suburb’s 90% owner-occupier base. You should buy this for long-term hold with a staging upgrade to lift rent above $880, not for short-term flip. The competitive advantage here is rarity. First time on market in 30 years in a tightly held pocket with school catchment 0.5km away gives you buyer leverage most listings lack. Four built-in robes and master ensuite with air conditioning target a family buyer profile that keeps your exit options open in Boondall’s 13-day average turnover. The missing scheduled inspections and side garage access suggest you can negotiate directly without auction pressure. This suits a buyer willing to spend $15k-25k on landscaping and a shed to push exit yield above 3.5%. No comparable sales data was available for this address to establish a direct market benchmark, but the listing price sits within the suburb’s median range for four-bedroom houses. This supports the view that you are paying a fair entry point without premium, provided you verify livable square meters yourself.