8 Costello Court, Ormeau QLD 4208

4-bedroom house | 1,173sqm block | 248sqm floorplan | quiet court location The property’s 1,173sqm block in a court setting is rare for Ormeau, offering a footprint that supports future subdivision potential under current residential zoning. The 248sqm floorplan with drive-through garage access adds practical utility for trades or multi-vehicle households. This suits a buyer seeking land banking with immediate rental income at $945/week, or a family wanting space near Norfolk Village State School. The high owner-occupier rate on the street reinforces stable demand. The flood overlay is the primary risk, potentially limiting insurance options and resale liquidity. No bushfire or heritage constraints reduce holding complexity. The 2002 purchase history suggests limited recent capital growth, but the current list price sits below valuation estimates, creating a potential entry discount. Hold for medium-term land appreciation or develop subject to council approval on the large block.