46 Roberts Street, Hermit Park QLD 4812

Post-war character | 809sqm low-set block | 4.3% gross yield | flood overlay present This property’s primary buying case is its combination of a fully renovated interior on an unusually large 809sqm lot in a tightly held Hermit Park pocket, where comparable blocks are rare. The 2023 renovation,new roof, kitchen, bathroom, and air conditioning,removes immediate capital outlay, while the 84sqm footprint leaves substantial room for future extension or subdivision subject to council approval. The 4.3% gross rental yield is strong for a low-density residential zone, and the property suits first-home buyers seeking move-in readiness or investors wanting a low-maintenance hold with land-bank upside. Its proximity to the stadium and 3.5km CBD commute adds lifestyle appeal that supports resale demand. The flood overlay is the material risk, raising insurance premiums and potentially limiting some buyer pools; a building and pest report dated April 2026 should be reviewed for any moisture-related issues. The 78% appreciation since 2023 suggests the market has already priced in the renovation, so further capital growth will depend on land value increases rather than cosmetic gains. For an investor, the yield is acceptable but not exceptional,hold for land appreciation and consider a granny flat or subdivision feasibility study. For an owner-occupier, the house offers a secure, low-upkeep entry into a well-located suburb.