87 Water Street, Berserker QLD 4701

Low-set two-bedder on 634sqm | side access and shed | investor-grade yield | no overlay risk This property’s competitive strength lies in its land-to-building ratio and absence of overlay constraints, making it a rare find in Berserker for buyers seeking both rental income and future subdivision optionality. The 126sqm footprint on a 634sqm block with side access and existing shed positions it as a low-maintenance holding with latent land value, best suited to yield-focused investors or first-home buyers wanting a functional home with expansion headroom. The 6.0% gross yield estimate and catchment for Berserker Street State School and North Rockhampton State High School reinforce its appeal as a straightforward income-producing house in a regional market with steady demand. The primary risk is the unknown internal condition and renovation history, given the substantial value uplift since the 2019 sale, which may indicate cosmetic or structural updates were needed. Buyers should verify shed and carport approvals, confirm actual boundaries via title, and obtain formal flood and insurance checks despite no overlay flags. The opportunity is in the block’s configuration: side access and 634sqm offer potential for a granny flat, subdivision, or future development, provided council zoning permits. This is not a premium home but a pragmatic entry point into a market where land scarcity is increasing.