12 Bondi Cres, Kewarra Beach QLD 4879

800m² lot in Kewarra Beach | 4-bed house | Recently leased, neat & tidy | Estimated value ~$820k The primary risk is the single bathroom for a four-bedroom house, which constrains rental appeal and future resale to families, potentially impacting capital growth relative to more modern stock. The opportunity lies in the substantial 800m² lot, offering clear subdivision or extension potential subject to council zoning, a land bank rarely available at this price point. This property suits a long-term holder willing to upgrade the accommodation to fully capitalize on the underlying land value. Its competitive strength is the lot size, which is significantly larger than typical suburban offerings, providing scarcity value and multiple utility options. The recent leasing activity confirms basic rental demand for well-presented homes in the area. This house best serves an owner-occupier seeking space and future flexibility or an investor with a renovation or development horizon, using the existing income to offset holding costs. To assess if this land value justifies the current configuration, a detailed zoning review and construction cost analysis are essential next steps.