22/132 High Street, Southport QLD 4215

Second-level, north-facing, refreshed two-bedder in Myrina | Flood overlay flagged | Musgrave Hill and Southport State High catchment | 5G coverage, pool, courtyard This unit offers a rare combination of a north-facing balcony and a recent refresh in a well-regarded complex on Southport’s High Street, which gives a buyer immediate move-in quality without needing to budget for cosmetic upgrades. The 1,577 m² lot size shared across the complex supports good common amenity, including the in-ground pool and fully fenced courtyard, which are features that typically appeal to owner-occupiers and tenants alike. The property sits within the Musgrave Hill State School and Southport State High School catchments, and with 5G coverage already in place, it is well positioned for professionals or downsizers who value connectivity and walkability. This unit suits a buyer seeking a low-maintenance, lock-and-leave holding with consistent rental demand from the local employment and education base. The flood risk overlay is the primary concern here and will constrain capital growth relative to comparable units without that overlay, meaning the buyer is paying for a discount that may persist through resale. That said, the rental yield of over 5% is strong for the area, and the 2011 purchase price history shows the long-term trajectory is positive even with the overlay factored in. The single parking space and lack of mention of NBN or FTTP are minor limitations, but not deal-breakers for the target tenant profile. Hold this unit as a medium-term rental investment, or occupy it while the Southport corridor continues to densify and lift amenity value around High Street.