17 Fairsky Avenue, Mermaid Waters QLD 4218

5-bedroom house | 613sqm lot | flood overlay flagged | limited comparable data The property’s configuration,five bedrooms, two ensuites, a study, and separate garage and carport,supports dual-use scenarios such as multigenerational living or a home-based business, which is rare in Mermaid Waters. The 42% site coverage leaves usable outdoor space around the pool and entertainment area, and the solar panels reduce holding costs. This house best suits a buyer who values space and flexibility over a turnkey interior, given the 1980 build. The expression-of-interest process suggests the vendor expects a premium, but the market for large houses here is active, with 37 sales year-to-date and a median above $2.6m. Flood overlay is the primary risk,it may increase insurance premiums and limit future renovation scope or resale pool. The lack of recent comparable sales on this street means pricing is partly speculative. The opportunity lies in negotiating a price that accounts for the flood overlay and the property’s age, then holding for medium-term capital growth in a suburb with strong owner-occupier demand. Use the EOI period to complete due diligence on insurance and council flood mapping before committing.