27 Currawong Place, Bellmere QLD 4510

Large flat acreage with approved granny flat | Currawong Place, Bellmere | Bushfire and flood overlays present | Suits multi-generational or income-splitting buyer. The buying case here is the combination of scale and configuration. A flat 1.65-acre block with a fully self-contained granny flat and separate water systems is rare within commuting distance of Caboolture. For a buyer who wants separation between generations, or who intends to rent the granny flat, this property offers immediate income potential without development risk. The main residence is functional rather than premium, but the undercover patio, dam, and multiple sheds add lifestyle depth. The street itself shows strong capital growth, with two recent sales returning double-digit annualised gains over long holds. That suggests patient buyers in this pocket have been rewarded. The overlays are the primary risk. Bushfire and flood overlays may affect insurance costs and future resale buyer pools, and the property sits in a growth precinct where planning changes could alter the neighbourhood character. The FTTN connection is a minor friction, not a dealbreaker. On opportunity: the granny flat allows the buyer to offset holding costs immediately at an estimated $845 per week combined rent, which improves the yield story in a suburb where median rental yield sits at 4.2 percent. The 396 square metre building footprint leaves room for further shedding or landscaping, not subdivision. Hold for the land, use the granny flat to carry the mortgage.