31 Rimu Cres, Forest Lake QLD 4078

3-bed lowset on 320sqm | 193sqm under roof | 5m ceiling height | walk to school and lake | bushfire overlay present This property offers a rare configuration in Forest Lake: a full-sized 193sqm floorplan on a compact 320sqm lot, with a 5m roof height that gives the interior a spacious, light-filled feel uncommon in this price bracket. The open-plan living, ensuite master, and covered outdoor patio make it immediately livable for a family or professional couple seeking low-maintenance space. Its position within walking distance of Forest Lake State School and the shopping village adds daily convenience that supports both owner-occupier appeal and tenant demand in a suburb where 90% of the street is owner-occupied. The bushfire overlay is the primary risk, potentially affecting insurance premiums and future resale to cautious buyers, though no flood or heritage constraints apply. The 60% building coverage leaves limited yard, which suits those wanting minimal upkeep but may deter buyers seeking garden space. With a 2017 last sale and strong suburb growth of 14.3%, the property holds reasonable capital upside if held medium-term, while the modelled $700 weekly rent offers a 4% gross yield that covers holding costs in a low-vacancy area. Use this as a buy-and-hold for steady rental income or a solid first home with school proximity.