10 Kennedy Street, Caboolture QLD 4510

2-bed | 809m² block | flood overlay | Caboolture | price above suburb median The property’s primary competitive edge is its land—809m² in a market where most houses sit on smaller lots. The 16% building coverage leaves substantial yard space, which is rare for a 2-bedroom house and gives a buyer options for future subdivision or a granny flat, subject to council approval. The flood overlay is the single most important factor here. It suppresses buyer demand, which means a purchaser who understands the risk can negotiate below the current listing. The property suits an investor or owner-occupier willing to hold medium-term and extract value from the land rather than the house itself. The flood overlay carries real cost: higher insurance premiums, restricted finance from some lenders, and a narrower resale pool. The house itself is modest and likely needs updating, so the price must reflect that. The upside is land banking in a growth corridor with FTTP and 5G already in place. A buyer should treat this as a land play—hold for five to ten years, or investigate a dual-occupancy development if council allows. Do not pay a premium for the house; pay for the dirt.