1/28 School Road Capalaba QLD 4157

Highset timber house on small 203m² lot | Tenanted until Oct 2026 | Hardwood floors and decked patio | 11.7% suburb growth This property’s competitive strength lies in its character highset design on a compact lot, which is rare in Capalaba’s newer stock. The hardwood timber construction, front balcony, and large covered deck with rumpus room offer a lifestyle edge over standard units, while the long-term tenant provides immediate income certainty. It suits an investor seeking stable yield in a growing suburb, or a buyer who values period charm and can wait for vacant possession. The key risk is the small land size, limiting future subdivision or significant capital uplift, and the 203m² lot may feel constrained for owner-occupiers. Council rates at $1,126 per quarter are a fixed cost to factor. The opportunity is the tenant’s willingness to extend, giving the buyer a smooth holding period with no vacancy risk. Hold for rental income and let suburb growth compound; only consider for owner-occupation if the compact footprint and balcony lifestyle are a deliberate fit.