211/75-77 The Strand, North Ward QLD 4810

Compact studio on The Strand | flood overlay present | long-term capital decline in building | suited to yield-focused cash buyer This unit offers a rare entry point to Townsville’s premier beachfront address at a sub-$250,000 price point, which is competitively strong for a buyer seeking immediate rental yield rather than capital growth. The 32-square-metre layout and single open car space limit appeal to owner-occupiers, but the location—within walking distance of the Strand esplanade and in catchment for well-regarded state schools—supports consistent tenant demand. The building’s 48% long-term ownership suggests a stable complex, and modern inclusions like split-system air conditioning and reliable fibre broadband add practical appeal for renters. This property best serves a cash buyer focused on cash flow, not appreciation. The primary risk is the flood overlay, which may increase insurance costs and reduce resale liquidity in a soft market. Historical sales data shows negative annual growth for units held over a decade, and a recent two-bedroom sale at a loss confirms short-term price weakness. For a buyer, the opportunity lies in negotiating below the $220,000–$270,000 range, using the building’s poor capital record as leverage. Hold this property for rental income only, and exit if insurance costs erode the yield.