12 Coomaroo Cres, Minyama QLD 4575

Deep-water canal position | 771m² land | 33% building coverage | 60+ dominated street | flood overlay present This property offers a rare combination of deep-water access on a 771m² parcel with only 33% building coverage, providing significant future renovation or extension potential. The 1985 build, while dated, sits on a street where 81% of residents are long-term owners, indicating a stable, established neighbourhood. The in-ground pool, outdoor deck, and study appeal to families or professionals seeking a lock-and-leave lifestyle with premium water frontage. It serves best a buyer prioritising location and land over immediate move-in condition, given the age of the structure. The flood overlay is a specific risk that may affect insurance costs and resale appeal to cautious buyers, though no recent flood events are noted. The street’s older demographic profile (38% aged 60+) suggests limited turnover and potentially lower future demand from younger families. Conversely, the opportunity lies in capitalising on the underutilised land—renovating or redeveloping could unlock substantial equity, especially given the 2022 sale at $2.7M and current valuation of $3.494M. The NBN FTTP and solar panels add modest utility but are not primary drivers.