1/23 Laguna Avenue, Palm Beach QLD 4221

| Flood overlay present | Minimal land at 135m² | 9 days on market | No floor plan available | Mixed ownership profile The property carries a flood overlay which imposes both insurance cost and resale friction, with annual rates already at $5,227, adding holding cost without land upside. The 135m² lot and townhouse configuration limits future capital growth compared to detached houses in the same median market of $1.745m. The rental estimate of $1,250 per week offers a gross yield around 4% on the estimated value, which is reasonable but not exceptional for Palm Beach. This property suits an owner-occupier seeking a lower-maintenance, coastal lifestyle position rather than a developer or land-bank investor. The competitive advantage here is location within a high-demand school catchment and the strong local market showing 60% auction clearance and average 23 days on market, suggesting liquidity. The hybrid fibre NBN and 5G coverage support modern work-from-home needs, a practical edge for professional buyers. This property serves best a downsizer or small family wanting immediate occupancy in a sought-after suburb without ongoing renovation obligations. To progress, request a formal building and pest inspection to verify the flood overlay’s impact on insurance premiums and then compare directly against the 94 three-bedroom properties sold this year in Palm Beach.