4122/35 Burdett Street, Albion QLD 4010

Flood overlay present | 145m² open-plan rare | 2016 build needs careful review | Rented at $720pw indicative The flood overlay is not a theoretical risk but an insurance premium that will likely cost you $2,000 to $4,000 annually above a comparable property outside the zone. Combined with the 2016 construction you should budget around $500 per household building inspection to check for waterproofing failures in the wrap-around terrace which is the most common defect in that era of apartments in Brisbane. This property works best as a hold-for-rental given the yield potential but it requires you to accept the insurance burden upfront. The 145m² floor area with a genuine wrap-around terrace is competitively rare in Albion where most apartments trade at 90-110m². This gives you repositioning optionality if you later decide to owner-occupy but the two-bedroom configuration limits your pool of buyers to professionals or downsizers rather than families. The location near Ascot State School adds a small premium but Kedron State High School catchment is not a prime driver for buyers in this price bracket. Your next move should be a building and pest inspection focused on the terrace drainage and a flood insurance quote from three providers before making an offer.