18 Washington Street, Deagon QLD 4017

Flat 455sqm block in tight Deagon | 2-bed scope for value-add | Established owner-occupied street | Strong rental demand at $575pw The property’s primary advantage is its rare flat 455sqm block in a street where 95% of neighbours are owner-occupiers,this signals long-term neighbourhood stability and limits rental churn risk. The 91sqm house offers a functional core with side access for a trailer or boat, which appeals to families or trades wanting secure storage without moving to a larger home. For a buyer, the combination of low-maintenance layout, established trees providing privacy, and scope to extend or add outdoor entertaining (subject to council approval) creates a clear pathway to lift value without overcapitalising. The property suits a buyer seeking a solid entry into a performing suburb with upside from renovation or extension, rather than a turnkey finish. The flood overlay is the material risk, and it directly affects insurance costs and resale pool,any buyer must check council mapping and factor a premium into holding costs. On the opportunity side, the 2016 purchase price of $430,000 versus current estimated value of $955,000 shows strong land appreciation, and the rental estimate of $575 per week covers holding costs for an investor while the property is improved. The lack of recent sales data on the street means pricing is less transparent, so a buyer should anchor on comparable sold data in Deagon’s broader 2-bed house market. Hold this property for its land content and street quality; renovate or extend only if the flood risk is manageable and council allows.