20 Elvire Street, Ormeau Hills QLD 4208
20 Elvire Street, Ormeau Hills QLD 4208
4-bed modern home | Ormeau Hills | 270sqm build on 400sqm block | strong rental yield | flood overlay flagged
This property presents a compelling buying case for families seeking a high-spec modern home in a growth corridor. The 270sqm building on a 400sqm block is unusually generous for the area, offering ducted climate control, solar panels, and a decked outdoor entertainment area that supports year-round living. Its location within Ormeau State School and Ormeau Woods State High School catchments, combined with 80% owner-occupier street profile and 5G connectivity, positions it well for both lifestyle and future resale demand. The estimated rental income of $875 per week also makes it viable for investors targeting the 20-39 age demographic that dominates Ormeau Hills.
The flood overlay is the primary risk and warrants a detailed council flood study before proceeding, as it may affect insurance costs and future resale appeal. However, no bushfire or heritage overlays were detected, and the property’s elevation at 20m with a 6m roof height suggests the flood risk may be manageable. The compact 400sqm block limits outdoor expansion but is offset by the substantial building footprint. The 2017 sale at $504,000 to a current estimate near $1.18 million reflects strong capital growth in the corridor, though buyers should verify whether the current asking aligns with recent comparable sales on Elvire Street, where only one property has sold recently.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Elvire Street, Ormeau Hills QLD 4208
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
!
1
Execution Risk
!
1
Market Insight
Ormeau Hills is a high-growth corridor suburb positioned between Brisbane and the Gold Coast, attracting young professional families. Demand is driven by this demographic, with strong annual house price growth between 7.8% and 10.3%, supported by high sales volume and a rapid 20-day median time on market. Future growth is linked to its strategic location and accessibility, though a high rate of mortgage ownership indicates potential sensitivity to interest rate changes.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
400m²
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