77 Palmerston Street Currajong QLD 4812

| 809m² land in Currajong | 2-bed house with 2-car garage | below-estimate entry price | Pimlico High catchment | 5G and FTTP | This property offers a rare configuration advantage for a buyer seeking land value in an established Townsville suburb. The 809m² lot with 23% site coverage leaves substantial room for extension, subdivision potential, or a granny flat, subject to council approval. At an asking price below the estimated value range, the buyer enters with immediate equity headroom. The Pimlico State High School catchment and long-term resident profile (68% owner-occupied) signal stable demand, making this house suited to a family or an investor targeting capital growth through land banking. The primary risk is the property’s small building footprint relative to land size, which may limit immediate rental yield until improvements are made. The rental estimate of $500 per week on a $580,000 entry yields roughly 4.5% gross, below some investor targets. However, the opportunity lies in holding for land appreciation or undertaking a cost-effective extension to lift both rent and resale value. The absence of flood, bushfire, or heritage overlays reduces holding risk. Use this property as a land play with a cash-flowing starter home attached.