51 Mary Street Bundamba QLD 4304

Established 1991 family home | Large 802m² lot in school catchment | Flood & bushfire overlays present | Rental yield circa 3.6% The property presents a standard housing proposition burdened by dual natural hazard overlays, which impose tangible costs through elevated insurance premiums and potential future mitigation expenses. Its primary opportunity lies in the substantial, under-utilised land parcel within a known school catchment, offering long-term subdivision or extension potential subject to council approval. This house suits a buyer prepared to accept and manage the overlay risks for a land-holding strategy. Competitive strength is derived from its larger-than-standard block size in a suburb of typically smaller lots, creating immediate scarcity value. The reliable fibre internet and functional four-bedroom layout serve a family occupant or investor seeking stable, long-term tenancy from the catchment-driven rental demand. It is a pragmatic purchase for those prioritising land content over modern finishes. This analysis frames a clear trade-off; contact our office to model the specific financial impact of the overlays against the land bank opportunity.