22 Warrigal Road Runcorn QLD 4113

Brick-and-tile on 538m² | 33% coverage leaves room | 2023 purchase price suggests equity | No flood overlay. The buying case rests on a rare combination of generous land coverage and recent price history. At 33% building coverage, this house offers a genuine extension or renovation edge that most Runcorn 4-bedroom properties lack, particularly given the 180m² internal area sits below the site’s potential. The 2023 sale at $645,000, now estimated at $1,121,000, signals strong capital growth in a market with a 77% auction clearance and 23-day average selling time. This property suits an owner-occupier seeking to add value through a rear extension or a covered alfresco upgrade, or an investor targeting the $695 weekly rental estimate with a clear path to yield improvement. The absence of flood and heritage overlays removes two common approval risks, and the bushfire overlay is a standard Brisbane consideration, not a deal-breaker. The specific risk is the bushfire overlay, which may increase insurance premiums and limit certain building materials for extensions, costing the buyer roughly $200–$400 annually in additional cover. The opportunity is the 33% coverage: a 40m² extension would still keep the footprint under 50%, preserving backyard space while lifting the property into the $1.3m+ bracket. The central two-way bathroom and master ensuite are functional but not premium; a buyer should budget $30,000–$50,000 for a modern refresh within five years. Hold this property for at least three years, extend within two, and exit via auction in a rising market.