37 Wakefield Street Albion QLD 4010

Four-bed family house in Windsor catchment | Flood overlay present | Recent reno potential | Strong rental yield | Land size 405m² This property presents a clear flood risk, which will directly impact insurance premiums and future resale liquidity. The capital growth since 2019 suggests solid underlying demand, but the primary opportunity lies in its rental yield and land component. It is best held as a long-term rental, targeting the family market, with the understanding that the flood overlay is a permanent cost factor. Its competitive strength is the combination of a large, level block and a Windsor State School catchment, a rare pairing that anchors demand. The four-bedroom configuration and dual garaging serve the family segment precisely, offering scarcity value in the area. This house suits a buyer seeking a tenant-proof holding with land-backed security, not a short-term trade. For a definitive assessment of how the flood overlay affects both cost and future value, a tailored due diligence report is required.