1/146 Queens Road, Hermit Park QLD 4812

Renovated unit | flood overlay present | school catchment | high finish at entry price The unit at 1/146 Queens Road presents an uncommon configuration in Hermit Park—a fully renovated two-bedroom unit with the elevated feel and finish quality typically found in higher price brackets. Its open car space, built-in robes, and air conditioning meet core tenant and owner-occupier expectations, while the reliable NBN and 5G coverage support modern living. Positioned within the Mundingburra State School and Pimlico State High School catchments, it appeals strongly to young professionals or small families seeking a low-maintenance entry point with immediate liveability. The property’s strongest competitive edge is its finish relative to its price segment, which should shorten time on market and support rental demand. The confirmed flood overlay is the primary risk, requiring the buyer to verify insurance premiums and any historical inundation before proceeding. The building and pest report completed in April 2026 should be reviewed for structural or termite issues that could offset renovation value. Without recent comparable sales, the valuation gap between property.com.au’s $392,000 estimate and domain’s ~$560,000 townhouse classification signals a need for independent appraisal. Buyers should treat the listed $420,000–$460,000 range as a ceiling until flood risk and report findings are fully costed. Hold this property as a long-term rental or owner-occupied starter, but only after due diligence confirms the flood overlay does not materially affect insurability or resale.