60 Gillies Street, Zillmere QLD 4034

Flood overlay | Under-house storage limits conversion | 405sqm block with older home | No recent comparable sales confirmed. The flood overlay imposes design constraints and potential insurance cost increases, which reduces future buyer pool and resale liquidity on a 405sqm block. The 1950s structure and 86-139sqm floor area offer limited internal expansion without major work, making this a land-and-location play rather than a renovation opportunity. The asking price above $1,100,000 demands careful justification against local land values. This property serves best as a hold for long-term land appreciation with immediate rental income, not for short-term capital gain or subdivision. The rare combination of FTTP connectivity, covered entertainers deck with built-in bar, and established low-maintenance gardens creates genuine appeal for owner-occupiers seeking a move-in-ready home in Zillmere. The 3-bedroom floorplan with separate laundry toilet and two car spaces offers practical family functionality that competing 1950s stock often lacks. This suits first-home buyers or families wanting immediate lifestyle amenity without renovation, or investors seeking steady rental demand near transport and schools. Professional buyers should verify flood overlay specifics and commission a building inspection before proceeding.