15 Buruda Street Chermside QLD 4032

3-bed post-war renovated | 607m² flat block | 53% building coverage | Wavell State High catchment The competitive strength of this property lies in its combination of a fully renovated post-war house on a flat 607m² block with only 53% building coverage, which is rare within 10km of the CBD. For a buyer seeking a turnkey home with future extension or dual-living potential, the underutilised land area provides optionality without immediate development pressure. The Wavell State High School catchment and absence of flood, bushfire, or heritage overlays further reduce long-term holding risk, making this suitable for families or investors prioritising land content in a stable corridor. The primary risk is the price premium paid for a renovated house on a standard block in a suburb where comparable unrenovated stock trades at a discount; the buyer effectively pays for cosmetic upgrades that may not fully recoup at resale. The 320m² building footprint limits scope for major additions without redesign, and the single bathroom is a functional constraint for families. Opportunities exist in leveraging the flat block for a rear granny flat or subdivision, subject to council approval. Hold for land appreciation and rental yield, not short-term capital gain.