114 Goodwin Terrace, Moorooka QLD 4105

Park backing | No rear neighbours | 2013 purchase up over 2x | Value-add rumpus room The property carries meaningful risk in its dated pricing expectations since the 2013 purchase at $493,500, as current estimates near $1.46m reflect market gains that may not hold if interest rates shift or if buyers discount for the single bathroom and 1950s layout. The lack of flood or bushfire overlays is a genuine positive, but the low 22% building coverage and 617m² lot create an opportunity for future subdivision or extension, provided council zoning permits. This is a hold-and-improve proposition, not a quick flip. Competitively, the direct park frontage with no rear neighbours is rare in this price bracket, giving privacy that typically commands a 5–8% premium over similar lots in Moorooka. The functional floorplan with rumpus room and deck suits a family seeking indoor-outdoor flow without immediate renovation cost. Best matched to a buyer who values lifestyle adjacency over turnkey finish and can absorb minor updates to lift rental yield above the current 2.47%. The last quoted rent of $450/week in 2014 suggests below-market positioning for a property now valued near $1.46m—confirm a realistic rental appraisal before committing.