24 Bevington Street, Tannum Sands QLD 4680

3-bed house on parkland | direct river access | 696m² lot with 40% coverage | flood overlay present | investment or downsize positioning This property’s primary advantage is its irreplaceable location, backing directly onto parkland with river views and doorstep access to water and walking tracks. The 696m² lot with substantial shedding and multiple car spaces presents a configuration rare for a 3-bedroom house, ideally serving an investor seeking a high-amenity rental or a downsizer requiring space. Its listing below all available valuation estimates suggests an immediate equity opportunity, positioning it as a value-buy in a suburb demonstrating strong growth. The material risk is the flood overlay, which necessitates specialist insurance assessment and may impact long-term liquidity. The commercial logic is clear: secure a below-market entry in a high-demand location, use the strong rental yield to service the holding, and benefit from the scarcity of large, park-adjacent lots. Proceed with a conditional contract contingent on flood due diligence, then hold for long-term capital appreciation driven by its land value and unique attributes. Valuation estimates range from $677,000 to approximately $785,000, consistently above the $650,000 asking price. This disconnect indicates the market may not be fully pricing the location premium or that the flood overlay is suppressing the listed price, creating a potential margin for a diligent buyer.