27 Murphy Street Scarborough QLD 4020

Renovated coastal Queenslander | flood overlay | walk to beach & schools | high-end suburb premium This property’s flood overlay introduces insurance complexity and potential resale friction, offset by its rare combination of a fully renovated Queenslander with legal under-house build potential on a premium street. The commercial logic lies in securing a turnkey home with immediate rental appeal and future value-add through the downstairs completion. Hold as a long-term residence with a view to capitalising on the sub-divisible structure, or utilise its high-spec renovation to attract premium tenants. Its competitive strength is the scarcity of modernised, elevated Queenslanders so close to the foreshore, with the huge separate shed offering flexible space for business or leisure. The 62% building coverage and 261m² footprint deliver unusually generous internal space for the land size, serving a family or professional couple seeking a low-maintenance, high-amenity coastal lifestyle without compromise. This positions you in a sought-after pocket with limited comparable supply. To assess if this specific opportunity justifies its premium, a detailed review of recent comparable sales and flood impact reports is essential—request our tailored due diligence brief.