24 Gladstone Street, Pimlico QLD 4812

Flood overlay | past listings unsold | uncovered parking | no confirmed sale price 2015 The flood overlay introduces a quantifiable risk, typically reducing resale liquidity and dampening capital growth in comparison to flood-free neighbours. Past extended listing periods suggest market resistance at earlier pricing, though the current offer strategy may correct for that. The brand new roof and 610sqm lot represent capital already deployed, offsetting some deferred maintenance. This is a hold-to-renovate proposition, not a flip — any buyer should underwrite a 12-18 month holding period to recover transaction costs. What is competitively rare here is the combination of period character, fully fenced tropical gardens, and Castle Hill views on a quiet street, all within sought-after school catchments. For a buyer who wants a low-competition entry into the Hermit Park-Pimlico corridor, the elevated block and structural renewal provide a solid base. The property best suits an owner-occupier willing to invest in cosmetic upgrades and landscaping, rather than a pure rental investor seeking immediate yield. The absence of recent comparable sales data means any valuation relies on the listed estimates, which sit around $650,000-$660,000. Without confirmed sale history, you are relying on the broker’s market feel — request a direct comparable sales report from the agent before lodging any offer.