9/49 Colac Street, Kedron QLD 4031

Renovated townhouse | 122m² lot | Flood overlay | 0.3km to Wavell High | 1 car garage This renovated two-bedroom townhouse presents a competitively strong proposition for an owner-occupier or investor seeking entry into the Kedron school catchment. Its modern interior finishes and direct proximity to Wavell State High School create a specific appeal for small families or professionals, positioning it above unrenovated stock in the complex. The single garage and well-maintained complex structure offer practical low-maintenance living, serving a buyer prioritizing location over land size. The primary decision factor is the flood overlay, which imposes insurance costs and potential future resale friction against the property’s valuation. The single bathroom configuration and one car space also cap its appeal relative to three-bedroom alternatives in the area. For a buyer, the commercial logic is to secure a tenanted property with solid rental yield or occupy to access the schools, holding it as a long-term play on location rather than expecting short-term land value escalation. Proceed with a structured offer contingent on a satisfactory strata and flood impact report.