24 Park Road, Graceville QLD 4075

Dual-level separation | Riverside pocket | Five-bedroom flexibility | Flood overlay present The property’s primary buying case rests on its uncommon dual-living configuration within a 405m² riverside lot, a design that directly serves multi-generational households, adult children, or a home-office need without compromising the main residence’s openness. The 292m² internal area with high ceilings and solid timber finishes positions it above typical Graceville stock for family amenity, while the fully fenced, landscaped yard and two covered balconies add genuine all-weather outdoor utility. For a buyer seeking separation of spaces in a school-catchment, walkable location, this house offers a rare configuration edge that typically commands a premium in this market. The known flood overlay is the material risk, likely compressing buyer demand and capping capital growth relative to unaffected properties in the same pocket. This cost is partly offset by the absence of bushfire or heritage constraints, and the potential to add a pool,if council permits,improves long-term appeal for family buyers. The self-contained lower level also supports a rental top-up strategy, though the modelled 4% gross yield on a lower entry price suggests the current asking range may price in the flood factor. For a buyer, this property should be held as a long-term family home where separation and location outweigh overlay concerns, not as a short-term appreciation play.