155 Baines Street, Kangaroo Point QLD 4169

5 bed parkfront cottage | City views | Flood & heritage overlays | Tightly held pocket The property’s strongest buying case lies in its rare combination of five bedrooms, parkfront positioning, and proximity to the CBD within a tightly held pocket. The north-facing extended workers cottage offers multiple living areas, a large entertaining deck, and city views, which together create a versatile family home that is difficult to replicate in Kangaroo Point. For a buyer seeking a character dwelling with immediate lifestyle appeal and long-term scarcity value, this house presents a compelling opportunity, particularly given the suburb’s strong historical demand and limited turnover. The flood and heritage overlays are the primary risks, as they may constrain renovation scope, redevelopment potential, and insurance costs. However, for a buyer prepared to work within these constraints, the property offers a well-configured floorplan with existing amenity and a generous 405 m² block. The lack of recent sales history means price discovery will depend on current buyer appetite, but the long ownership period suggests a legacy holding that may be priced below replacement cost.