24 Tregaskis Street, Vincent QLD 4814

Flood overlay risk | high-set design reduces exposure | dual-living potential | fast-moving street with 16-day average sale The flood overlay introduces a quantifiable cost, raising insurance premiums by an estimated $800–$1,200 annually and narrowing the buyer pool, which suppresses resale velocity. However, the elevated construction and 6-metre roof height mitigate structural risk, making this a lower-risk buy in a flood-prone area than a slab-on-ground property. The dual-living configuration downstairs, with a kitchenette and separate entry, offers an income stream of roughly $535 per week from the lower level alone, offsetting holding costs by 40–50%. This property should be treated as a hold-and-rent or multigenerational home rather than a quick flip. The rare combination of a brand new kitchen, polished timber floors, and a 218-square-metre building on a 607-square-metre lot positions this house ahead of most Vincent listings, which average 180 square metres. The 36% site coverage leaves room for landscaping or a pool, adding passive value. This suits a buyer seeking immediate occupancy with income potential, or a family wanting separation of living zones. Given the low 16-day average days on market for the street, you have a narrow window—book a private viewing through the agent to assess the flood overlay’s specific boundary relative to the property’s elevation.