17 Nineteenth Avenue, Parkside QLD 4825

3 bed house on 1012sqm | 265sqm building | no overlays | Parkside Mount Isa This property presents a rare configuration advantage in the Parkside market: a 265sqm single-level building on a full 1012sqm lot with zero flood, bushfire, or heritage constraints. The 26% site coverage leaves substantial room for subdivision potential or a granny flat, which is the primary structural edge here. For a buyer seeking land banking or a dual-occupancy pathway, the combination of flat usable land, existing 3-bedroom dwelling, and absence of overlay restrictions is unusually clean. The house itself is functional but not premium — carpeted bedrooms with built-ins and an open-plan layout serve a tenant or first-home buyer well, but the value lies in the land envelope, not the finishes. This property suits an investor or developer looking to hold for 2–3 years while pursuing a secondary dwelling approval, or a family wanting space without premium build costs. The primary risk is location-driven demand fragility: Parkside sits within Mount Isa’s mining-dependent economy, and the 3-day market time suggests urgency from the seller rather than strong buyer competition. The building’s 4m roof height and 357m elevation are neutral but do not add premium value, and the NBN FTTB connection is adequate but not a differentiator. The rental estimate of $525/week against a $329k price yields a gross return near 8.3%, which is strong for regional Queensland but assumes consistent tenancy in a single-industry town. The opportunity is to secure this below the $322k estimated value, then hold for cash flow while exploring a secondary dwelling application on the excess land. Use this property as a yield-driven hold with a medium-term development option, not a quick flip.