32 Rigby Street Nambour QLD 4560

Flood risk confirmed | Oversized block limits usable yard | Zoning permits dual-occupancy redevelopment | Rental yield tight at 4%. The flood overlay imposes a tangible cost: elevated insurance premiums and reduced buyer pool on resale, compressing capital growth. The 782m² lot with medium-density zoning offsets this risk structurally-dual-occupancy potential or a granny flat adds rental income and exit optionality. This house works best as a hold-and-develop play, not a turnkey family purchase. What is competitively rare is the combination of tiered outdoor space with a water feature and the under-house flexibility for storage or a studio, set against a large site in a tightening Sunshine Coast corridor. It suits an investor or buyer-occupant willing to manage the flood overlay for long-term zoning upside. To test this, commission a flood-affected property insurance quote and a council pre-application meeting on dual-occupancy feasibility before proceeding.