23 Iona Avenue, Burdell QLD 4818

Flood overlay present | Lease renewed August 2024 | High site coverage at 47% | Estimated rent well above suburb median The flood overlay is the primary risk here, it imposes higher insurance costs and may limit resale buyer pools. However the lease renewed as recently as late August 2024 signals strong rental demand, with the potential rent at $615 per week outperforming the Burdell median for 4-bedroom houses. The property sits on a compact 472m² lot with 220m² building coverage which leaves limited outdoor space but offers a rumpus room and entertainment area that add functional living value. This house is best held as a rental investment given the yield position. What makes this property competitive is its rental history showing consistent occupancy and the fact it sits on a street where 80% of properties are owner occupied, a sign of stable neighborhood demand. The building has FTTP NBN and 5G coverage which supports remote work capability, and the property is fully fenced with built in robes which reduces maintenance for a landlord. This house serves best an investor seeking positive cash flow in a growth corridor rather than a family wanting large land area. Based on the rental estimate of $615 per week against a 4-bedroom median of $700,000 in Burdell, the gross yield sits near 4.6 percent which exceeds many comparable suburbs. You should next instruct us to verify insurance quotes specific to the flood overlay and request a building inspection report from a local firm familiar with Townsville subsidence risks.