63 Mckenney Street, South Mackay QLD 4740

Classic Queenslander on 814sqm | build-under potential | flood overlay present | strong rental yield case This property offers a rare combination of a fully renovated character home and a large, level 814sqm block in a tightly held pocket of South Mackay. The 199sqm floorplan with two distinct living zones, a separate dining room, and a versatile third room gives it genuine family functionality, while the oversized shed with side access and the solar system add practical ownership advantages. For a buyer seeking a home that already delivers a 5% rental yield with scope to improve, or for someone who wants a move-in ready house with long-term land value, this sits well above the typical renovated Queenslander offering. The flood overlay is the primary constraint and must be investigated for insurance costs and any future financing limitations. The build-under opportunity is commercially viable only if council approval is straightforward and the existing 5m ground elevation is sufficient to avoid costly fill. The 2023 sale at $425,000 and current asking price reflect the renovation premium and land speculation, so the buyer should negotiate hard on the gap. Hold this property for its land content and yield, not for short-term capital gain.