112 Myra Road, Salisbury QLD 4107

Flood overlay detected | 3 bed, 1 bath highset house on 708m² | rental range $595–$740 per week | estimated value $1.16m to $1.42m This property presents a measured opportunity. The flood overlay introduces a specific risk mechanism that may compress buyer demand and depress resale liquidity, costing a future seller a discount of perhaps five to eight percent compared to unencumbered comparables. Yet the highset design mitigates ground-level water entry, and the 708m² lot offers a rare infill holding position in a tightly held Brisbane suburb where smaller sites dominate. The rental yield, at roughly three point five percent gross against the listing price, supports a buy-and-hold strategy if financed conservatively, but it will not cashflow aggressively without value-add renovations to the existing three-bedroom footprint. The property should be held for land appreciation, not flipped for short-term gain. Competitively the strength lies in the land-to-building ratio. Nineteen percent site coverage on a residential-zoned parcel within Brisbane City Council provides a foundation for future subdivision, dual occupancy, or a substantial home redevelopment, subject to planning approvals. The highset form allows for undercroft conversion, adding livable space without altering the building envelope. This property serves best a buyer with medium-term patience, comfortable navigating flood overlay due diligence, and seeking a foothold in an established corridor with access to Salisbury State School and reliable mobile and broadband connectivity. The flood risk is a negotiable factor, not a fatal one, and the informed buyer will commission a flood study and council pre-lodgement meeting before exchanging, turning a perceived weakness into a price advantage against less prepared competitors.