10 Coolamon Court Urraween QLD 4655

Newly built in Kingfisher Lakes | 875sqm block with duplex potential | 4-bedroom, 2-ensuite layout | Rental yield near 4% with strong demand This property offers a rare combination of a new build on a large, flat 875m² block within a well-regarded estate, which positions it competitively for both owner-occupiers and investors. The dual-ensuite configuration and open-plan living with alfresco area serve families or downsizers seeking single-level convenience without compromising on space. Its location near the hospital precinct and schools adds practical appeal, while the absence of flood or bushfire overlays reduces latent holding concerns. For a buyer, the key advantage is the land-to-dwelling ratio: the house occupies only 145m², leaving significant yard area that is increasingly scarce in new estates. The primary risk is that the current asking price sits near the lower end of valuation estimates, suggesting limited immediate capital growth unless the market tightens further. However, the 875m² block in a growth corridor presents a medium-term opportunity for subdivision or a secondary dwelling, subject to council approval, which could materially improve the property’s return profile. Rental income of $690 per week is solid for the area, and with FTTP connectivity as a supporting amenity, tenant appeal is strong. Hold this property for at least five years to capture land value appreciation, or explore a granny flat development to boost yield earlier.