245 Winstanley Street, Carina Heights QLD 4152

Post-war house, north-facing 615m² | 18.1m frontage, no overlays | Rare subdivision or rebuild potential | Carina State School catchment The buying case rests on the 18.1-metre frontage and north-facing 615m² lot with no flood, bushfire, or heritage overlays, which is uncommon in this inner-Brisbane pocket. This configuration gives a buyer positional leverage: the existing 173m² post-war house is livable but secondary to the land’s capacity for subdivision, a substantial rear extension, or a complete rebuild. The property serves a buyer who wants immediate occupancy with a clear, low-risk value-add pathway, rather than a turnkey finish. Its catchment for Carina State School and proximity to Westfield Carindale and the Gateway arterial strengthen resale demand from families and developers alike. The principal risk is that the house’s 1970s condition and single-bathroom layout limit rental yield to around $740 per week, which may not fully carry holding costs during a renovation or subdivision process. The lack of solar panels, unlike the neighboring property, is a minor but correctable gap. The opportunity is to update the interior and bathroom for under $50,000, then either extend into the rear yard or lodge a subdivision application leveraging the wide frontage. Hold this property for its land bank value and execute the highest-yield option—subdivision or rebuild—within two years.