50 Lancelot Street Tennyson QLD 4105

Newly built 2023 house|645m² lot|Riverside flood overlay|$1.65M-$1.85M guide|On market 29 days | This four-bedroom house on a 645sqm block suits growing families drawn to modern riverside living with school catchments and flat usable land. The near-new construction delivers practical family spaces like open-plan living flowing to a balcony and poolside entertaining area, maximising the block’s flat terrain for everyday use and gatherings. At 42% building coverage, it leaves room for future tweaks while fitting neatly among established homes on this quiet street. A flood overlay tempers immediate appeal for risk-averse buyers, yet the low 8m elevation and quality build with solar and ducted cooling signal resilience. Families prioritizing Graceville State School and Yeronga High catchments often target these mid-sized lots, balancing space without excess maintenance. Similar recent Tennyson houses on 600-700sqm have held steady or appreciated 5-10% yearly, buoyed by Brisbane’s inner-south demand. The 2016 land purchase at $485k underscores sharp value growth post-rebuild, positioning it for owner-occupiers planning 7-10 year holds. Riverside proximity adds lifestyle pull for active households, with walks and cafes nearby enhancing long-term desirability. Market positioning at the upper end reflects premium features against comps, likely attracting competitive bids from relocating professionals.