11 Bogunda Street, The Gap QLD 4061

| 1960s house | 761m² block | single bathroom | bushfire overlay flagged | school catchment edge | This property offers a rare combination of a generous 761m² lot and a low 36% building coverage, which positions it competitively for buyers seeking space, renovation, or future subdivision potential in a tightly held suburb. The single-storey 1967 layout with three bedrooms and one bathroom is functionally dated, but that very limitation gives a buyer negotiating leverage and a clear path to add value through a bathroom addition or a full reconfiguration. The reliable school catchment and high owner-occupier rate in The Gap underpin stable demand, making this house best suited to a family or investor looking for a long-term hold with forced appreciation. The bushfire overlay inconsistency between sources is the primary risk, as it may increase insurance costs and limit some financing options, but it does not affect the property’s structural viability or resale appeal in this suburb. The single bathroom is a functional constraint for families but a clear renovation opportunity that can lift rental yield from the estimated $760 per week. With no heritage overlay and a large block, the commercial logic favours a buyer who can hold through a modest upgrade and then either rent for cash flow or sell into the strong owner-occupier market. Use this property as a value-add hold: renovate the bathroom, confirm the bushfire status with Queensland Globe, and exit within three to five years.