26 Binowee Street, Aspley QLD 4034

Spacious 1970s highset | 804sqm low-set block | dual-living potential | flood overlay present The property’s primary buying case rests on its unusually flexible two-level configuration on a substantial 804sqm block in a quiet Aspley pocket. The 303sqm building area, with five bedrooms, two bathrooms, and separate downstairs rumpus with workshop, offers immediate scope for dual occupancy, a home business, or multigenerational living,rare in this price band. The upper deck, in-ground pool, and established lawn add lifestyle weight, while the 38% building coverage leaves room for future extension. This house best suits a buyer seeking both a family home and a functional income or trade base, where the layout itself creates a competitive edge over standard single-level offerings. The flood overlay is the material risk, likely affecting insurance costs and resale liquidity, though the 26m elevation and absence of heritage or bushfire overlays moderate the downside. The 1970s build presents renovation opportunity rather than obsolescence, with hardwood floors and a blank-canvas rumpus offering clear value-add scope. Rental yield at 3.1–3.2% is modest but defensible given the dual-living potential. Hold this property as a medium-term family home with a view to reconfiguring the lower level for separate tenancy or a workshop-based business.