215 Park Road, Yeerongpilly QLD 4105

1920 character | 809m² poolside block | Yeronga catchment | sub-7 day market This property offers a rare combination of pre-war character on a generous 809m² lot with a pool and deck, in a suburb where 3-bedroom houses sell in a week. The 166m² floorplan is modest for the land size, which creates optionality—live in it now, extend later, or hold for redevelopment potential given the absence of flood or heritage overlays. For a buyer seeking a long-term family home within walking distance to Yeronga State School and with strong rental demand (yield around 4.6%), this holds clear appeal. The 2023 purchase suggests current pricing reflects recent market movement rather than a distressed sale. The main risk is the house’s age—a 1920 build may require structural upgrades not captured in standard inspections, particularly around wiring and plumbing. The 20% building coverage on the site means the existing home is small relative to land value, which could deter buyers wanting move-in-ready space without renovation. However, this same ratio gives a patient buyer leverage: the land is the appreciating component, and the house can be improved incrementally. The 7-day average days on market in Yeerongpilly signals competition is real but fast, so pre-approval and a clear timeline are essential.