149 Graceville Avenue, Graceville QLD 4075

Spacious family home in Graceville riverside pocket | five bedrooms across two levels | flood overlay present | auction 17 May This property offers a rare configuration advantage for Graceville: five bedrooms and multiple living zones on a 405sqm block, which is unusually generous for a house of this size in this suburb. The dual-level layout with a rumpus room and balcony suits families seeking separation between adult and children’s zones. The freshly painted interior, app-controlled ducted air-conditioning, and new front gate reduce immediate maintenance burden, which strengthens a buyer’s negotiating position. The location within Graceville State School and Corinda State High catchments adds demographic demand depth. This house best serves a professional family who values space and school proximity over a low-maintenance footprint. The flood overlay is the primary risk and will constrain financing and insurance options; buyers should secure a flood level certificate and budget for higher premiums. The 405sqm land size is modest for the price point, limiting future subdivision potential. The 2018 sale history suggests limited recent capital growth, though the current estimated value of $1,853,000 aligns with comparable riverside sales. The double lock-up garage and fully fenced yard with new gate add practical security and parking appeal. Hold this property as a long-term family home rather than a short-term flip, given the overlay risk and steady rental demand.