2/11 Karome Street, Pacific Paradise QLD 4564

flood risk overlay | asking period over 45 days estimated | small complex no body corp buffer | renovation priced in already The unit carries two structural disadvantages. The flood overlay narrows the buyer pool and may lift insurance costs by around $2,000 annually, a recurring drag on holding costs. The property has sat on market for over 45 days, suggesting the mid-700s ask exceeds what local buyers will pay for a two-bedroom unit with one bathroom and no separate laundry. At $766,000 estimated value, the opportunity sits in negotiating down toward a realistic entry point, but this is not a property that will appreciate quickly. It suits an owner-occupier wanting a lock-and-leave base near the airport, not an investor targeting yield. The small four-unit complex with no renters gives uncommon privacy and stability, rare in this price bracket on the Sunshine Coast. For a downsizer or single buyer wanting beach proximity without strata politics, this unit offers quiet tenure. The renovation removes immediate capital work, so your holding costs are predictable. The flood overlay and elongated listing period mean you likely hold negotiating leverage—use it to secure a 5–8% discount from the current ask before proceeding to due diligence.