482 Flinders Parade, Brighton QLD 4017

Waterfront position | renovated post-war hardwood | flood overlay present | 41% site coverage limits expansion This property offers a rare combination of a fully renovated waterfront house on a 680m² parcel in a market where 4-bedroom houses trade at a median of $1.272m. The 276m² floor area, ducted air conditioning, and standout kitchen position it as a turn-key residence for a buyer seeking immediate occupancy without renovation risk. The hardwood timber construction and 2-metre ground elevation provide structural resilience uncommon in waterfront stock. The property serves best a professional family or downsizer wanting lock-and-leave coastal living with school catchment access to Brighton State School and Bracken Ridge State High. The flood overlay in a creek/waterway planning area 4 is the primary risk, potentially affecting insurance premiums and resale liquidity in a softer market. The 41% building coverage ratio limits further expansion without a planning application, removing the value-add extension pathway. With 57 homes sold locally and a 21-day average days on market, demand is present but the auction clearance rate at zero suggests price sensitivity. The rental yield at $910 per week against the valuation range implies a gross return below 3%, making this a lifestyle hold rather than an investment play. Hold this property as a primary residence for its waterfront amenity and school access, not for capital growth arbitrage.