511 Cavendish Road Coorparoo QLD 4151

Elevated brick cottage | Fully renovated | 607m² low-coverage block | Bushfire overlay | Strong rental catchment This property presents a low-risk, high-utility holding. The primary risk mechanism is the bushfire overlay, which may incur compliance costs for future extensions and necessitate specific insurance premiums. The significant opportunity lies in the 33% building coverage on a 607m² parcel, providing clear commercial logic for a value-adding extension or subdivision, subject to council approval. As a move-in ready, renovated home in a sought-after pocket, it is positioned to hold well for capital growth while delivering immediate rental yield from a family or professional tenant. Its competitive strength is the rare combination of a fully modernised interior on a generous, versatile block in an established inner-suburb locale. The expansive backyard and low coverage are atypical for Coorparoo, offering a tangible point of difference that serves families seeking space and investors seeking development optionality. The recent comprehensive renovation mitigates immediate capital expenditure, making it efficient for either occupant. Your next step is to quantify the overlay’s impact and model the extension potential against current planning codes. The property last sold for $912,500 in March 2023. This prior sale, followed by a full renovation, establishes a substantial base for value creation, indicating the vendor has invested significantly in modern finishes, which the current pricing must now reflect.