24 Payne Street, Auchenflower QLD 4066

3-bedroom house, Auchenflower, auction imminent | flood overlay present | Milton State School catchment | 388-405sqm land holding This property presents a clear buying case for those seeking a freestanding house in a sought-after inner Brisbane suburb at a price point below the median for three-bedroom homes. The 388-405sqm land holding, while modest, is a scarce configuration in Auchenflower and offers genuine potential for future renovation or extension, particularly given the 40% building coverage. Its location within the Milton State School catchment and proximity to Kelvin Grove State College adds strong demand from families, while the reliable NBN and 5G coverage supports professional buyers. The property is best suited to owner-occupiers or investors targeting long-term capital growth in a suburb with a young, professional demographic and low turnover. The primary risk is the flood overlay, which may affect insurance costs and resale appeal to cautious buyers, though no bushfire or heritage overlays apply. The 2008 last sale date suggests limited recent transactional history, making valuation dependent on comparable sales. Opportunities lie in the potential to add value through cosmetic upgrades or a future second storey, given the roof height and land size. For a buyer, this property should be held as a long-term family home or renovation project, with the auction timeline demanding swift due diligence on flood risk and financing.