7 Grant Street, Mackay QLD 4740

Detached house on 706sqm in central Mackay | five-bedroom study layout rare at this price point | flood overlay present but no bushfire or heritage risk | street shows recent strong capital growth The property’s competitive edge lies in its combination of a full five-bedroom plus study floorplan on a generous 706sqm lot, positioned within walking distance to both primary and secondary state schools. For a buyer targeting a family home in central Mackay, this configuration is scarce under $600,000, and the street’s recent 12% annual growth at a comparable property signals local demand is firm. The NBN FTTP and 5G coverage are functional advantages for remote work or student households, but the real buying case is the land-to-building ratio—23% coverage leaves meaningful scope for future extension or a granny flat, subject to council approval. The flood overlay is the primary risk and should be investigated via a full insurance quote and historical event check before exchange, as it may affect both premiums and resale liquidity. The 1-bathroom layout is a constraint for a five-bedroom house, particularly for families or tenants, and will limit rental yield to around 4.3% at the lower valuation. The opportunity is to acquire a well-located, under-improved house on a large block in a rising street, then hold for land appreciation or execute a modest bathroom addition to unlock higher value. Use this property as a long-term hold with optionality to develop or sell into the next upswing.