28 Park Street, Chinchilla QLD 4413

High-set timber on 1108m² | Park frontage, no overlays | Under-house conversion potential | 5% rental yield in 43% growth suburb This property’s competitive edge lies in its rare combination of parkland frontage, a fully concreted under-house area with 253m² of covered space, and a large double shed with workshop—features that effectively double the usable area without increasing the footprint. The high-set design on a 1108m² lot in a suburb with 43% growth positions it well for buyers seeking a dual-income strategy: rent out the main house while converting the under-house area into a separate studio or home office. The absence of bushfire, flood, or heritage overlays removes costly compliance risks. It serves best for an owner-occupier wanting a flexible family home with income potential, or an investor targeting a 5% yield with capital growth upside. The main risk is the single bathroom, which limits appeal to families and may cap resale value. The estimated value range of $358,000–$437,000 suggests the asking price sits at the top end, so buyers should negotiate based on comparable sales like the $140,000 property on Sheridan Street. The opportunity is to add a second bathroom in the under-house area, which could lift rental income by $50–$80 per week and improve exit options. Hold this property for medium-term capital growth in a high-demand regional market, or use it as a dual-living setup to offset mortgage costs.