18 Henderson Road, Everton Hills QLD 4053

Bushfire overlay present | Demand compressed by small buyer pool | 28-year holding period | No renovation history confirmed. This property carries a mandatory bushfire overlay, which will constrain buyer interest and may increase insurance premiums by an estimated 20-40%. While the large 794m² lot offers subdivision potential in a growth corridor, the dated condition – last transacted in 1996 – requires structural upgrades, likely costing $150,000 to $250,000. Without comparable sales evidence, the estimated $1.1-1.167 million range appears aspirational given the risk profile; consider a conservative offer below $1 million to capture margin for remediation. The land-to-improvement ratio favours a buyer seeking long-term capital growth through site redevelopment, though immediate occupancy demands renovation. Strong school catchment for Grovely State School and Mitchelton State High School supports tenant demand, with mid-range rental potential of $725 per week partially offsetting holding costs. This property suits a patient investor or owner-occupier willing to manage bushfire compliance and renovation timeline. Given the overlay and condition, request a bushfire hazard assessment and structural report before proceeding to determine realistic holding costs and renovation scope.