11 Moorshead Street, Capalaba QLD 4157

Newly built 4-bedroom in Capalaba | 955sqm with dual-occupancy approval | parkland adjacency | family-demand catchment | no flood or bushfire overlay This property presents a rare buying case in Capalaba: a newly constructed home on a full 955sqm lot that already carries a planning permit for dual occupancy. For a buyer, that means immediate use as a generous family home with pool and three living areas, plus a clear pathway to subdivide or develop later. The parkland frontage and absence of flood or bushfire overlays lower both lifestyle risk and insurance costs, while the school catchment and 5G coverage support strong tenant demand if rented. It suits a family seeking long-term hold with optionality, or an investor wanting dual-income potential from day one. The primary risk is price: the $1.273 million estimate sits above the suburb median for a standard 4-bedroom, meaning the premium is justified only by the land size and dual-occupancy approval. If that approval expires or requires costly conditions, the buyer overpays for potential that may not materialise quickly. The 2024 sale at $900,000 for a 3-bedroom suggests the rebuild cost was significant, so equity is already baked in. Opportunity lies in renting at $705 weekly while holding for rezoning or subdivision, or occupying and leveraging the dual-occupancy permit for a granny flat or secondary dwelling. Hold this property for its land bank value, not for immediate capital growth.