38A Boundary Street, Bundaberg South QLD 4670

1920s low-set | 822sqm block | 14% coverage | school catchment | tenanted The property’s competitive edge is its land-to-building ratio on 822sqm in Bundaberg South, where only 14% coverage leaves substantial rear yard potential. The dual living areas and modern bathroom reduce immediate capital outlay, while the tenanted status provides cash flow from settlement. This house best suits an investor seeking a low-maintenance hold in a family corridor with two schools within walking distance, where land value rather than dwelling condition drives long-term position. The 1920 build carries deferred maintenance risk despite cosmetic updates, and the 115-119sqm floorplan is tight for owner-occupiers seeking space. The 2021 sale at $282k versus the current $549k list suggests the market has already priced significant regional growth. The opportunity lies in negotiating toward the Domain mid-estimate given the 115-day 2021 campaign and current active listing. Hold for land appreciation, not rental yield, and exit when subdivision potential matures.