33 Spire Street Caboolture QLD 4510

3-bedroom house | 600m² flat lot | Caboolture core | no flood or bushfire overlay | strong school catchment This property offers a rare combination of a level 600m² block with no environmental overlays in a location where many comparable sites carry flood or bushfire constraints. The 1990s construction is solid and the 218m² building footprint provides genuine scope for extension or a granny flat without sacrificing outdoor space. The proximity to Tullawong State School within 300 metres makes it a strong candidate for families seeking a walk-to-school option, while the established owner-occupied street profile (56%) signals stable neighbourhood demand. For a buyer targeting a long-term hold in a growth corridor with infrastructure investment, this house sits in a defensible position. The primary risk is the absence of recent comparable sales data — the last transaction was 2012 at $260,000, which leaves a wide value gap that the current listing at $850,000 attempts to bridge. The rental history shows modest growth from $240 per week in 2008 to $575 in 2025, implying a yield that may not satisfy an investor seeking income cover. The NBN Fibre to the Node is functional but not a premium feature. The opportunity lies in negotiating from the lower end of the estimated value range ($820,000) and treating the property as a land play with a serviceable house. Hold for land appreciation and consider a future subdivision or extension once zoning permits.