130 Besham Parade, Wynnum QLD 4178
130 Besham Parade, Wynnum QLD 4178
Space tight at 74% coverage | Six bedrooms but only three bathrooms | Solar present but no battery storage | Busy main road exposure likely
This property carries a specific risk in its floor area ratio. At 410 square metres internal on a 554 square metre lot the building coverage sits at 74 percent which leaves minimal room for extension or outdoor amenity without council variance. A buyer pays for that constraint in reduced redevelopment optionality. The six to seven bedroom count creates genuine rental upside but the single bathroom per two bedroom ratio will compress attainable rent levelsβinvestors should underwrite closer to the low end of the rent estimate. For an owner occupier the space works for large multigenerational households where privacy expectations are lower. The solar system reduces holding costs by an estimated thirty to fifty dollars per week. Hold for cash flow not for land banking.
The competitive strength here is the bedroom count relative to the price point. In Wynnum a typical family home offers three to four bedrooms at median value. This property delivers near double that capacity within a comparable price bracket which makes it rare for buyers needing scale near the bay. The school catchment to Wynnum State and Wynnum High adds stability for families. The NBN Fibre to the Curb supports modern work from home needs without being a prime mover. This house best serves a buyer seeking immediate income from a multitenant setup or a large family who will fill every room.
The value inference draws from street level data. Four comparable sales on Besham Parade show annual growth of fourteen percent over five years from a two bedroom apartment at number six. That trajectory supports the mid range estimate here being achievable within twelve months. The next step is to inspect the property with a building inspector to confirm the 1960s structure has no latent moisture issues given the high coverage ratio and then run your own rental scenario using the lower rent band to test yield against your borrowing cost.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Wynnum’s coastal charm and proximity to Brisbane anchor its appeal, attracting families, professionals, and retirees seeking a relaxed lifestyle. This diverse demand is fuelling a robust market, with houses experiencing solid growth and units showing particularly strong momentum. Properties move quickly, indicating sustained buyer interest. Future growth is underpinned by its enduring coastal lifestyle proposition and steady rental demand, though its established popularity presents inherent affordability considerations.