11 Flower Street, Woolloongabba QLD 4102

1940s cottage | 306m² in Woolloongabba | flood overlay present | three-bedroom with two living areas The property at 11 Flower Street offers a rare configuration for Woolloongabba: a pre-war house with two distinct living zones on a compact 306m² lot, which gives a buyer genuine flexibility without the land cost of a full house block. The 1940 build with floorboards and built-in robes signals original character retained, and the presence of an ensuite in a three-bedroom layout is uncommon for the era—this positions the house well for owner-occupiers who want period charm with modern amenity. The 304m² building footprint suggests generous internal space relative to the land, and the shed adds practical storage. FTTP and 5G coverage support remote work, a secondary but real advantage. This property suits a buyer who values location and layout over land size, particularly professionals or downsizers seeking a walkable position near Buranda State School and Coorparoo Secondary College. The confirmed flood overlay is the primary risk and will constrain financing options and resale velocity; a buyer must factor elevated insurance costs and potential buyer pool shrinkage. The conflicting bathroom count—one source lists one, another two—demands physical verification before exchange, as it affects both utility and valuation. The 2011 purchase price of $500,000 highlights significant capital growth, but the current listing at $1,550,000 sits above the estimated range of $1.28–$1.415 million, suggesting a premium for the current market. The opportunity lies in negotiating toward the lower end of that range, using the flood overlay and bathroom ambiguity as leverage. Hold this property as a long-term residential asset in a tightening inner-city suburb, where land value will appreciate despite the overlay, but avoid overpaying for the current asking price.