218 Winstanley Street, Carina Heights QLD 4152

Post-war character home on 675m² | Rare block in tight Carina Heights market | Currently tenanted at $770/week until Aug 2026 | Strong school catchment positioning. This property offers a compelling buying case through its combination of a generous 675m² block with a character home already updated for modern living. The post-war structure provides solid bones and established street appeal, while the contemporary kitchen and split-system air conditioning reduce immediate renovation needs. For a buyer seeking either a family home in the Carina State School catchment or a hold-and-rent strategy, the existing tenancy at $770 per week provides immediate cash flow and confirms rental demand. The large block, absent flood or bushfire risk, gives future subdivision or extension optionality that many nearby properties lack. The primary risk is the auction-style top offer process closing 15 May, which may compress decision time and invite competition. Buyers should complete a building and pest inspection early and check Queensland Globe for any overlay restrictions on the block. The tenancy ending August 2026 offers a clear timeline for owner-occupiers to plan possession. For investors, the current rental yield is solid for the area, and the lease provides income certainty through winter. Hold this property for its land value and school catchment positioning, or occupy and enjoy the established garden and open layout.