8 Mcilwraith Avenue, Balmoral QLD 4171

Elevated 678sqm block with 27m frontage | Double brick fully renovated | Top of Balmoral hill position | Five bedrooms plus study with suburb views This property’s strongest buying case is its rare combination of generous land size, elevated positioning, and completed high-quality renovation. The 27-metre frontage and 42% building coverage offer future flexibility that most renovated homes in Balmoral lack, while the double-brick construction and designer kitchen with Bluetta stone signal durability and finish. For a family seeking a turnkey home with strong school catchment credentials—Bulimba State School is 200 metres away—and the ability to generate meaningful rental income, this house competes directly with new builds but avoids their premium. The 63% owner-occupier profile in the suburb reinforces long-term demand stability, and the absence of flood or bushfire overlay removes two common discount factors. The primary risk is price sensitivity in the current market: with a 36% auction clearance rate and 35-day average days on market for five-bedroom houses, buyers should expect negotiation room below the estimated $2.499 million value. The 1980 build, while renovated, may still require attention to insulation or window performance on the elevated balcony. Rental potential of $1,540–$1,615 per week is solid but not exceptional for the suburb, so the buyer’s strategy should prioritise owner-occupation over pure investment hold. This property is best held as a long-term family home that benefits from land appreciation and school catchment demand, not flipped or leveraged for short-term yield