38 Fifth Avenue St Lucia QLD 4067

High side of Fifth Avenue | elevated 632m² block | 319m² post-war build | dual-living potential This property offers a rare combination of scale and position in St Lucia: a 319m² building footprint on a 632m² elevated lot, with a 1968 post-war structure that presents genuine dual-living configuration. The high-side positioning on Fifth Avenue provides a natural elevation advantage over surrounding properties, contributing to both outlook and reduced flood risk. For a buyer seeking a substantial family home with the flexibility to accommodate extended family or generate rental income, the existing floorplan and separate carports support that outcome without immediate renovation. The swimming pool, deck, and floorboards add immediate liveability, while the reliable NBN and 5G coverage support modern work-from-home needs. This property suits a buyer who values space, elevation, and subdivision potential over turnkey finish. The bushfire overlay is a material consideration that may affect insurance premiums and future development approvals, and should be verified with council before any offer. The building’s 1968 construction means electrical, plumbing, and insulation standards are likely original, so a building and pest inspection is essential to quantify retrofit costs. Rental yield at approximately 1.58% is low, so this property is best held as a long-term owner-occupied home rather than an investment. The elevated block and generous site coverage offer future potential for a renovation or extension that could unlock significant value, but only after the bushfire overlay and structural condition are fully understood. Hold this property as a family home with an eye to medium-term capital growth driven by its land content and location.