16 Lockyer Place, Crestmead QLD 4132

5 bed house | 635sqm land | dual-living potential | bushfire/flood overlays The property’s primary advantage is its 635sqm land parcel with a 278sqm building footprint, offering substantial reconfiguration potential in a suburb with stable rental demand. The five-bedroom, three-bathroom configuration suits extended families or investors targeting high-occupancy tenancies, while the 44% building coverage leaves room for future subdivision or granny flat development, subject to council approval. The FTTP NBN and 5G coverage support remote workers, and the school catchment for Marsden State School and High School adds family buyer appeal. The bushfire and flood overlays are the critical risks, likely increasing insurance premiums and potentially limiting development options or resale buyer pools. The property is off market with no recent transaction data, making valuation dependent on comparable sales of the nearby duplex units at $717,000–$858,000. The estimated value of $1,106,000 appears optimistic given the overlay constraints and lack of recent sales evidence. A buyer should commission a full flood and bushfire assessment before negotiating, and hold the property as a long-term family home or dual-occupancy investment, not a quick flip.