2 Parwan Avenue, Bellara QLD 4507

Flood overlay | dual kitchen | 1980 build | 38% site coverage The flood overlay costs a buyer immediate leverage at negotiation and caps long-term capital growth due to insurance friction and resale pool limits. The separate kitchen earns genuine dual-income or multi-generational utility—at $695 weekly rent this yields a defensive 3.8% gross on a realistic purchase near $950k, which outperforms Bellara’s 3.4% suburb average. This property demands a hold-and-use strategy, not a quick flip. The corner block with side access for a caravan or boat is rare on Bribie and hard to replicate. Combined with the new roof and solar, the buyer avoids major capex in the first five years. The dual living floor plan serves a self-funded retiree with a tenant, or a family wanting a guest suite. This house competes on utility, not polish—book a site inspection to confirm the flood overlay’s floor height and insurer appetite before writing any offer.