5 Rhoades Street, Capalaba QLD 4157

Back street position on 620sqm | 18% site coverage leaves room | 3-bed brick with renovation upside | School catchment and no overlay risk This property offers a rare combination of a generous 620sqm lot with low 18% building coverage, meaning the existing 113sqm house sits lightly on the land and expansion or reconfiguration is structurally possible. The brick construction and single-level layout give it solid bones, and the quiet back street positioning within the Capalaba State College catchment adds a layer of family demand that is not easily replicated. For a buyer prepared to renovate, the house presents an entry point into a location where land value dominates the price, and the medium-confidence valuation around the high six figures suggests the asking range is not stretching beyond what the land alone supports. It suits a renovator, a young family, or an investor seeking to add value through cosmetic and functional upgrades rather than structural change. The main risk is that the house has not traded since 1984 and the interior is described as needing renovation, which means the buyer must budget for both time and capital beyond the purchase price. There is no flood, bushfire, or heritage overlay, so the holding risk is low, but the opportunity lies in the fact that 18% site coverage is well below typical suburban allowances, and a future buyer could potentially increase the footprint or add a second dwelling subject to council approval. The broadband and mobile coverage are reliable but not decisive. Hold this property as a long-term land play with a renovated house as the income buffer, or renovate and sell into the school catchment demand within three to five years