22 Paget Street, Carina QLD 4152

Ironbark floors | 582m² evolving suburb | 4 parking | 2.7% yield This house presents a clear redevelopment or renovation opportunity on a 582 square metre block in Carina, a suburb noted for its evolution. The combination of three bedrooms, four open parking spaces, and no development overlays creates a flexible canvas suited to an investor or owner-occupier seeking to add value. Its prime position near well-rated schools and childcare supports long-term demand, making it a practical holding for capital growth over immediate rental yield. The primary risk is the conflicting data on parking, which could affect valuation and utility. The modest 2.7% gross yield indicates this property is not a strong cash-flow investment in its current state. Proceed only if you are positioned to leverage the land size through improvement or subdivision, otherwise the holding costs will outweigh the speculative premium already reflected in the price. Consider this a land play with a liveable house, not a passive income property.