3/38 Abalone Avenue, Paradise Point QLD 4216

Fully renovated boutique townhouse | Rare low-density complex of four | Flood overlay present | Strong suburb demand with 71% auction clearance The buying case rests on scarcity and finish. This is one of only four townhouses in a boutique complex, which limits supply and supports long-term value retention. The full renovation removes deferred maintenance risk and delivers immediate livability, appealing to owner-occupiers seeking lock-and-leave convenience near water. The 99m² floor plan with two car spaces and a courtyard is competitively positioned against newer apartments lacking outdoor space or parking. For a buyer, this property offers a rare combination of low-density living, modern condition, and strong suburb fundamentals,Paradise Point’s median house price of $1.45m and 71% auction clearance signal sustained demand. It best serves downsizers or professionals wanting a turnkey home in a tightly held pocket. The flood overlay is the material risk, potentially affecting insurance costs and resale appeal to cautious buyers. This cost must be quantified via insurance quotes before proceeding. The offsetting opportunity is the rental yield: at $890 per week against the $989,000 asking price, gross yield approaches 4.7%, which is strong for the suburb and supports an investor hold strategy. The lack of recent comparable sales on the street requires reliance on suburb-wide data, but the property’s renovated condition and boutique configuration differentiate it. Hold this property as a primary residence for lifestyle and capital stability, or as a rental for dependable cash flow in a market with limited new supply.