50 Armstrong Street Hermit Park QLD 4812

| Hermit Park 4-bed | 809m² block | flood overlay noted | 25% site coverage | strong rental yield | The property occupies a large 809m² block with only 25% site coverage, giving a buyer rare redevelopment optionality in a suburb where house values have risen 18% in the past year. The 4-bedroom, 2-bathroom configuration suits families targeting Hermit Park State School and Townsville State High, both within walking distance. The estimated weekly rental of $555 against a mid-range valuation of $618,000 implies a gross yield near 4.7%, above the suburb median, making this viable for an investor-occupier seeking both immediate cash flow and long-term land value growth. The primary risk is the flood overlay, which may constrain future subdivision or building extensions and could affect insurance costs. Buyers should verify the specific flood level with Townsville City Council before proceeding. The 2022 purchase price is not disclosed, but the current 5-day market time suggests limited competition. A buyer can hold this property as a family home with strong rental backup, or explore a future dual-occupancy development if council permits allow.