132 Harrier Drive Burleigh Waters QLD 4220

3-bedroom house on 407m² | flood overlay present | Gold Coast residential zoning | reliable NBN and 5G coverage This property occupies a practical position in Burleigh Waters, offering a three-bedroom house on a standard 407m² lot within a residential zone that supports steady demand from families and investors. The rental income potential of $1,110 to $1,225 per week indicates strong tenant appeal, and the school catchment for Caningeraba State School and Miami State High School adds to its attractiveness for owner-occupiers with children. For a buyer, the configuration is straightforward, with two bathrooms and two garage spaces meeting typical household needs, making it a competitive entry point in a sought-after Gold Coast suburb. The flood overlay is the primary risk, requiring due diligence on insurance costs and historical inundation patterns, which may narrow the buyer pool and affect resale velocity. However, the absence of bushfire or heritage overlays simplifies planning, and the property’s elevation at 4 metres with a 5-metre roof height suggests some resilience. The current off-market status presents an opportunity to negotiate directly without auction pressure. Hold this property for medium-term capital growth, leveraging its rental yield and location within a stable school catchment to offset flood-related concerns.