31 Lancelot Crescent Ormeau QLD 4208

4 bed family home on 620m2|Built 2004|Listed $1.099m|Flood overlay|School catchments| This four-bedroom house on a 620sqm block suits families prioritising school access and practical backyard space in a residential street setting. The 220sqm build covers 35% of the lot, leaving room for outdoor living or modest extensions without overwhelming the site. Positioned in a street where similar four-bedroom homes have held owners for 9 years or more, it aligns with buyers seeking stability over quick flips. Local sales of comparable properties around $850k to $1.06m reflect steady demand from families drawn to the double garage and fenced yard. Rental estimates of $700-825 weekly underline its appeal for investors eyeing 5% yields akin to recent street rentals. A flood overlay tempers immediate value growth but NBN fibre and 5G coverage support modern family needs. Long-term, the 2004 construction and school zones position it well for holding as Ormeau families expand. Similar homes on the street show 4-8% annual growth, suggesting resilience for patient owners. Its mid-sized lot offers flexibility in a market favouring established rather than oversized blocks.