4 Mieka Cres, Pimpama QLD 4209

Listed above peak | tenanted below market | high site cover | flood flagged This property’s primary risk is its tenancy: $770pw trails the $795pw estimate by $25 weekly, costing roughly $1,300 annually in lost income if bought as an investment. The flood overlay, though not detailed, may tighten insurance terms and future resale liquidity, a hidden cost most buyers discount. The opportunity lies in the site’s 27-metre elevation and 234sqm floor area—rare for a 400sqm lot—supporting strong owner-occupier appeal or a rent reset after October 2026. Judgment call: buy this only if you plan to hold past the lease end; flipping now absorbs unnecessary tenancy friction. Competitively, the floor area-to-land ratio at 58% coverage gives internal space that rivals newer builds on larger blocks, meaning a buyer gains usable square footage without the land premium. The master suite with walk-in robe and ensuite, plus a separate toilet in the main bathroom, bundle family-grade function into a four-bedroom format that suits downsizers or young families. This house serves best the buyer seeking a long-term home where immediate cash flow is secondary to lifestyle scale and school proximity. To verify your position, order a full insurance quote factoring the flood overlay and confirm the lease break clauses before proceeding to negotiation.