2 Palmeri Street, Logan Reserve QLD 4133

Flood overlay | corner block trade-off | rental yield caution | school catchment upside The flood overlay introduces a contingent risk that may compress capital growth relative to nearby non-affected properties, and could increase insurance premiums by an estimated 15 to 25 percent annually, effectively costing the buyer between 300 and 500 dollars per year. Combined with the 401 square metre corner block, which limits usable yard space and reduces resale appeal for families, the property’s long-term hold requires a discount to the midpoint estimate. The rental yield of 655 dollars per week against a 950,000 dollar valuation sits below 3.6 percent net, making this a defensive purchase rather than a cash-flow play. The property is best used as a principal residence for a family seeking relocation into a school catchment zone with modern finishes, not as an investment-first proposition. What this property does offer is structural quality in a rising corridor. The open-plan living, stone benchtops, separate study, and covered alfresco area are rare for a 401 square metre block under 1 million dollars in this pocket of Logan Reserve. The master suite with walk-in wardrobe and ensuite, along with air conditioning throughout, positions the property competitively against older stock in the same price band. It serves first-home buyers or young families who prioritise a ready-to-occupy finish over future subdivision potential. Buyers should commission a flood assessment and compare insurance quotes before proceeding; these steps will validate whether the price discount built into the listing offsets the overlay risk.