147 Lynne Grove Avenue, Corinda QLD 4075

Heritage estate | flood overlay | 3121m² land | Corinda High School | pool | no price guide The property offers a rare combination of deep land and intact heritage fabric in a tightly held street where long-term owners dominate. Its 645m² building footprint on a 3121m² lot creates genuine subdivision optionality, while the Corinda State High School catchment and flood overlay suppress broader buyer demand, which works in your favour if you are patient. The pool and restored interiors support premium rental positioning, but the true edge is land leverage: the lot size alone is exceptional for this suburb, and the heritage overlay may limit redevelopment but protects the character that drives long term value. This property best suits a buyer seeking a generational family home with future subdivision potential, or an investor targeting low-turnover tenants who value space and heritage. The flood overlay and heritage listing are the primary risks. Flood overlay may restrict insurance terms and resale pool, while heritage overlay caps external alterations and adds compliance cost. The absence of a price guide suggests the vendor is testing depth, and the 2011 purchase price gives them holding cost advantage. Your opportunity is to bid below the midpoint given the overlay drag; the property may trade closer to $2.4m in a cautious market. Hold it as a long-term compounder on land value, or if subdivision becomes feasible, the rear lot could be severed for a separate dwelling. Either way, the land is the story.