113 Finucane Road, Alexandra Hills QLD 4161

3 beds, 1 bath, 809m² | lowset 1960s house, no overlays | near high school, short walk | off-market but actively listed This property offers a rare combination of a generous 809m² block with no bushfire, flood, or heritage constraints, making it a low-risk redevelopment or holding play. Its position 0.2km from Alexandra Hills State High School is a genuine demand driver for families, and the low 16% building coverage signals substantial land value relative to the modest 1960s house. The recent October 2024 sale at $685k, against current estimates of $840k–$960k, suggests the market has already repriced it upward, meaning a buyer who moves quickly may capture that gap before it fully resets. It best suits an owner-occupier or investor seeking land banking with immediate rental income. The key risk is the dated single-bathroom layout and varying internal size (82–132m²), which limits appeal to downsizers or families needing more space, potentially capping rental yield near $540–$595/week. The 7-day active listing with no auction clearance in the suburb indicates softer demand, so the buyer must negotiate firmly. Opportunity lies in the long-term hold: the 80% owner-occupied street and 58% long-term residents suggest stable neighbourhood character, not flipping potential. Hold it for land appreciation and rent cover, or reposition the house for a targeted family lease.