7 Wandella Street Chapel Hill QLD 4069

| Chapel Hill 756m² | bushfire overlay | 3-bedroom house | school catchment edge | This property offers a rare combination of a generous 756m² lot and a solid 123m² building footprint in a tightly held Chapel Hill pocket, where larger blocks are increasingly scarce. The bushfire overlay is the key structural risk, but it also signals a low-density, green-edge positioning that appeals to families prioritising school catchments and outdoor space. The house serves best as a long-term hold for a buyer who values land content over immediate renovation potential, given the modest building coverage of 16%. The bushfire overlay is not a deal-breaker but does impose higher insurance costs and stricter vegetation management, which will reduce net yield for an investor. The rental estimate of $835 per week is achievable, but the gross yield sits below 3.5% at the upper end of the valuation range—this is a capital growth play, not a cash-flow one. The minor block size discrepancy between listings warrants a survey check before exchange. For a buyer, the correct strategy is to secure at the lower end of the $1.4m range, hold for land appreciation, and treat the house as a functional family home rather than a renovation target.