48 Blenheim Street, Chermside West QLD 4032

North-facing elevated block | dual living potential | renovated interiors | no flood/bushfire overlays | moments to park and schools. This property presents a competitively strong offering within its suburb, primarily due to its configuration and positioning. The 637m² north-facing block in an elevated position is a tangible advantage, offering breezes, outlook, and a level backyard rarely found in this format. The solid highset brick construction and stylishly updated interiors, including the renovated kitchen and polished floors, signal a move-in ready condition that eliminates immediate capital outlay for an owner-occupier. Its dual living potential, underscored by the lower-level kitchenette and separate access, creates a flexible floorplan that serves growing families seeking internal expansion or investors targeting dual income streams. The absence of flood or bushfire overlays materially de-risks the holding from environmental premiums and insurance complexities, while proximity to Huxtable Park and key schools anchors its appeal to a family buyer profile. Proceed with the understanding that its energy efficiency rating of 0/10 constitutes a latent liability, presaging higher utility costs and future upgrade expenses that will impact net yield. The building coverage of merely 4% against a 24m² internal area indicates the bulk of improvements are in the elevated structure, limiting ground-level expansion potential without council approval. Commercial logic resides in acquiring this property below the inflated suburb median, leveraging its dual-income capability to subsidize the mortgage, and banking on the 10.9% suburb growth. The judgment call is to treat this as a long-term hold for an owner-occupier seeking a family home with income flexibility, or an investor prioritizing capital growth over rental yield, given its estimated yield trails the suburb average. Secure it only at a price that accounts for the energy efficiency retrofit cost. Recent comparable sales establish a credible value corridor: * 15 Blenheim Street (607m²) sold for $1,210,500. * 48 Chingford Street (592m²) holds an estimated value of $1,200,000. The Domain estimate range of $1.33m to $1.75m for this subject property appears optimistic against these direct comparables; a realistic market value likely aligns closer to the $1.2m to $1.3m mark, demanding disciplined negotiation against the asking price.