244 Mount Cotton Road, Capalaba QLD 4157

Original 1980s house | 600m² fully fenced block | garage conversion potential | strong bayside rental demand | deadline sale 9th May This property offers a rare combination of a large, flat 600m² block in a sought-after bayside suburb with a house that is structurally sound but ready for renovation. The key competitive advantage is the garage conversion potential, which could create a fourth bedroom or master suite, directly lifting both capital value and rental yield to around $700 per week. It serves best a buyer who can see past original condition to the location premium and low vacancy rates, making it a strong candidate for a first home buyer wanting to add sweat equity or an investor seeking a value-add project with clear upside. The primary risk is the bushfire overlay, which may impose additional construction costs for any major extensions or a pool. The original kitchen and bathroom mean the buyer must budget for a full renovation to realise the property’s full market potential, with comparable data suggesting a 10–20% uplift post-renovation. The deadline sale creates a clear negotiation window, and the realistic seller expectations reduce the risk of an inflated price. Hold this property for at least three to five years to capture the renovation uplift and ongoing rental demand growth in Capalaba.