1/10 West King Lane, Southport QLD 4215
1/10 West King Lane, Southport QLD 4215
Duplex | 82m² land | 3 bed, 1 bath | Southport 4215 | Strong rental yield.
This property’s competitive strength lies in its duplex configuration on a compact 82m² lot, offering a lower entry price into Southport’s growth corridor while still providing two living areas, a courtyard, and secure parking. The 4.3% gross rental yield, supported by NBN and 5G coverage, makes it particularly suited to investors seeking cash flow over capital gains. The split-system air conditioning and dishwasher add practical appeal for tenants.
The primary risk is the shared land with 10 West King Lane, which limits future subdivision potential and may involve strata-like constraints. The 2014 sale price of $260,000 highlights significant appreciation, but no recent sales data creates valuation uncertainty. A building inspection is essential to assess shared wall conditions. The property should be held as a rental for steady income, with potential for modest long-term capital growth tied to Southport’s infrastructure development.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/10 West King Lane, Southport QLD 4215
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Southport is a key Gold Coast business hub, with demand driven by young professionals and constrained housing supply. House prices have surged (up ~18% annually), with a severe shortage of new stock against strong sales. Units offer more supply and higher yields (~5%), serving as an affordable coastal entry point. Future growth is anchored by the expanding Health & Knowledge Precinct, though house affordability remains a key constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
82m²
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