24 Larissa Way, Urangan QLD 4655

Bushfire overlay | Tight lot at 534m² | Shed/garage 4-car total | 9 days listed | Rental yields narrow The bushfire overlay introduces a real but manageable risk for insurance premiums and financing, costing an estimated $800-$1,200 extra annually in most policies. For a buyer seeking long-term hold, the 534m² fully fenced lot with side access and a high-clearance shed creates rare utility for a boat, caravan, or workshop storage—commercial logic that supports the upper $800k band being reasonable only if you use the shed actively. For a pure landbanking play, this property does not have enough irreplaceable location scarcity; it’s better held as a lifestyle home with a leveraged income stream via the rental estimate of $675 pw, which yields roughly 4.3% on the lower valuation end—tight but workable. The competitive strength here is the built-in versatility: four bedrooms plus a master suite with walk-in robe and ensuite, combined with the 8m x 5m shed and double garage, means this property competes directly with new builds at a lower entry point for families or trades needing covered parking and storage. FTTP NBN and solar panels add genuine long-term cost savings, but they are not deal-makers. This house suits a buyer who values low-maintenance yard, secure parking for four vehicles, and proximity to Urangan’s schools and beach—ideally a working professional or small family with a caravan or boat who wants zero fence-line drama. The credible next step is to request a pest and building report before the 29 April inspection, because the bushfire overlay and 2020 last-sold date mean any delayed maintenance could shift your bid band down by $20k-$40k—do not move forward without that check.