11 Parker Street Shailer Park QLD 4128

Solid brick home | Large 1,015m² flat block | Flood overlay present | North-facing with pool The flood overlay imposes a material risk, likely increasing insurance premiums and potentially restricting future development, which directly impacts holding costs and capital growth. The 18% building coverage on a large, flat block presents a clear opportunity for extension or subdivision, subject to council approval and flood constraints. This property suits a buyer prepared to manage the flood risk for long-term land value, best held as a family home with future optionality. Its three-bedroom configuration is common, but the combination of a north aspect, pool, and substantial usable land in a sought-after pocket is competitively strong. This serves a family seeking space and amenity now, with the side access and low coverage securing future flexibility. The significant appreciation since its last sale underscores the suburb’s demand. To proceed, a specific flood study and development feasibility assessment are non-negotiable next steps to quantify the risk and unlock the opportunity.