20 Balfour Street, Coalfalls QLD 4305

Dual living configuration | 701m² flat usable lot | No flood/bushfire overlays | Freshly repainted interior This property presents a competitively strong proposition due to its dual living configuration on a larger-than-average, fully usable block, a rarity in this suburb. The upstairs is move-in ready, while the independent downstairs area creates immediate flexibility for extended family, rental income, or a home business, serving large families or investors seeking multiple revenue streams. Its absence of flood or bushfire overlays mitigates key insurance and risk costs, a significant advantage. The primary decision hinges on the discrepancy in recorded floor area, suggesting unapproved work; a buyer must budget for a building and pest inspection to validate the 143m² structure. The configuration, however, presents a clear commercial logic: secure the property for owner-occupation with dual income potential, or hold it as a high-yield rental targeting multiple tenant groups. Proceed with due diligence, but its functional flexibility justifies a premium over standard three-bedroom homes in the area. Recent comparable sales data is limited, but an estimated value for nearby 21A Balfour Street at approximately $802,000 provides context. That property sits on a smaller 507m² lot with only one bathroom, underscoring the value premium for this home’s larger land size and dual-living potential. This comparison supports the listed price point for a buyer acquiring superior land utility and configuration.