31 Hare Street North Lakes QLD 4509

4-bedroom family home | 400sqm block, 268sqm build | North Lakes, no overlays | master suite with double vanity This property presents a strong buying case for families seeking a turnkey home in a well-established master-planned estate. The 268sqm build on a 400sqm block is unusually generous for the area, offering a rumpus room and outdoor entertainment space that are rare at this price point. The master suite positioned at the rear with double vanities and a spacious built-in wardrobe provides genuine separation from secondary bedrooms, a feature that commands premium in this market. Being within catchment for Bounty Boulevard State School and North Lakes State College adds enduring demand from family buyers, while the absence of flood, bushfire, or heritage overlays removes common insurance and development constraints. The fully fenced yard and remote garage with air conditioning mean this property is effectively move-in ready for a professional couple or young family. The primary risk is that the property sits on a standard 400sqm lot in a suburb where larger blocks (500sqm+) in neighbouring pockets have outperformed. This limits future subdivision potential and may cap long-term capital growth relative to land-heavy alternatives. However, the FTTP NBN and 5G coverage support remote work, making this viable for buyers who prioritise lifestyle over land banking. The October 2022 sale at $675,000 and current estimate around $1.08 million suggests strong recent growth, but buyers should verify whether this pace is sustainable given rising interest rates. Hold this property as a long-term family home and benefit from school catchment demand rather than flipping for short-term gain.