31 Charlotte Avenue Bongaree QLD 4507

3-bedroom 1970 brick home | 610sqm Bongaree block | walk to waterfront and cafés | flood overlay present | strong rental demand This property offers a rare combination of size and location for Bongaree: a 610sqm flat block with a solid 235sqm brick home, positioned within walking distance of the waterfront and local cafés. For a buyer seeking a family home or a long-term hold in a tightly held coastal pocket, the configuration is competitive. The polished timber floors, deck, and shed add genuine liveability, while the school catchment for Bribie Island State School and High School broadens buyer appeal. The reliable NBN and 4G coverage are supporting conveniences, not primary drivers. This property serves best for owner-occupiers wanting space and location, or investors targeting steady rental demand from families and downsizers. The flood overlay is the key risk, and it will constrain capital growth relative to unencumbered sites and may affect insurance costs. The 1970 build, while solid, may require updating to meet modern efficiency standards. However, the 610sqm land size and 39% building coverage leave room for future reconfiguration or extension, subject to council approval. The rental estimate of $655 per week with high confidence signals strong income potential for an investor. Hold this property for medium-term capital appreciation driven by Bongaree’s limited supply, or occupy and improve to capture equity gains.