67 Lockheed Street, Garbutt QLD 4814

Renovated 850m² block in Garbutt | freshly polished floors and new roof | flood overlay present | suited to first-home buyers or investors This property’s strongest buying case is its size and renovation. An 850m² block in a rising market like Garbutt is increasingly rare, and the fresh roof, polished floors, and new paint mean a buyer avoids immediate capital outlay. The layout—three bedrooms with built-in robes, a rear deck, and a front patio—works well for a young family or a rental investor seeking a low-maintenance hold. The FTTP NBN and 5G coverage add practical appeal for remote workers or tenants. The flood overlay is the primary risk, potentially raising insurance costs and limiting future resale appeal to buyers who can accept that condition. Ground elevation at 4m should be verified against local flood maps before committing. On the upside, the 850m² block offers subdivision potential if zoning permits, though this requires council checks. Rental income around $490 per week supports a buy-and-hold strategy, especially if purchased below the upper valuation range. Treat this as a solid entry-level hold with optionality for longer-term land value growth.