16 Bond Street, Enoggera QLD 4051

Large land in tightly held pocket | Old world charm | 3 beds, 1 bath, 3 cars | Bushfire overlay present This property presents a compelling proposition based on its substantial landholding in a known tightly held enclave, a configuration offering scarcity value against newer subdivisions. The combination of three car spaces and a fully fenced 579m² block delivers practical utility for families or investors seeking low-maintenance outdoor space, while the extended holding period since 1991 suggests underlying stability. It best serves a buyer seeking a land-backed entry into this location, accepting the work required to modernize a house of its vintage, with the school catchments and secure parking adding fundamental utility. The decision hinges on pricing against the unrenovated condition and the bushfire overlay, which imposes potential compliance costs and may affect insurance premiums. The low estimated rental yield reflects the current configuration, but the land component offers a clear opportunity for future improvement or redevelopment, subject to council zoning. Proceed with a firm budget for due diligence on overlay implications and modernization, positioning this as a long-term hold where land appreciation can be leveraged over time.