27 Fortune Street Scarborough QLD 4020

Ocean views | premium corner block | subdivision potential | flood overlay The flood overlay introduces insurance costs and potential financing hurdles, while the subdivision potential offers a clear value-add opportunity if council approval is secured. This property suits a long-term hold for an owner-occupier seeking a view premium, as the financial upside from subdivision is best realised by a developer or patient investor. Its competitive strength lies in the uninterrupted northern ocean views, which are permanently protected and rare in a tightly held enclave. The large corner block and multi-level layout serve an affluent family seeking space and a premium lifestyle, with the added benefit of strong local school catchments. This is a tightly held position where the land value is fundamentally underpinned by its irreplaceable aspect. To assess the specific financial impact of the flood overlay and the realistic probability of subdivision, a tailored due diligence review is the necessary next step.