27 Morris Street, Paddington QLD 4064

4 bed on 804sqm in Paddington | 243sqm building with deck and balcony | 30% site coverage, generous outdoor space | Flood and bushfire risk flagged The property’s competitive edge lies in its uncommon balance of generous land size and practical building coverage. With 30% site coverage on 804sqm, the house leaves significant outdoor space for a pool, landscaping, or future extension without compromising the existing 243sqm floorplan. The deck, balcony, and full fencing suit families seeking indoor-outdoor living in a tightly held suburb where similar land parcels rarely trade. It serves best a buyer who values space over renovation potential and wants a turnkey home with room to add value through landscaping or minor upgrades. Flood and bushfire risk are the primary cost to the buyer, potentially affecting insurance premiums and resale appeal to risk-averse purchasers. The rental history at $1,200 per week suggests strong tenant demand, but the yield remains below 2.5% at current estimates, making this a hold for capital growth rather than cash flow. The NBN and 5G coverage support remote work, a minor plus. Hold this property for medium-term capital appreciation in a supply-constrained suburb, and consider a geotechnical report before any excavation.