1/5 Rock Street, Scarborough QLD 4020

Secure complex | waterfront walk | two-bedroom plus ensuite | high-demand peninsula pocket. This property offers a rare combination of secure, low-maintenance living and immediate proximity to Scarborough’s waterfront, placing it in a consistently sought-after pocket of the Redcliffe Peninsula. The two-bedroom, two-bathroom configuration, with an ensuite and built-in wardrobes, gives it a clear edge over older stock in the area, particularly for downsizers or investors seeking tenant appeal. The complex’s inclusion of a gym, pool, lift, and secure parking further strengthens its position against comparable units, while the open-plan layout and tiled flooring reduce ongoing upkeep. For an owner-occupier, this unit delivers a lock-and-leave lifestyle within walking distance of parklands, dining, and transport; for an investor, the rental demand in this corridor supports stable occupancy and gradual capital growth. The primary risk is the absence of recent strata documentation, which could reveal unexpected levies or sinking fund shortfalls that erode the yield. The 80-square-metre internal area, while efficient, may feel constrained for buyers accustomed to larger floorplans, and the single car space could be a limitation for couples with two vehicles. On opportunity, the 2025 purchase price of $660,000 suggests a clear growth trajectory, and the current negotiation range leaves room for a disciplined buyer to secure below the higher AI estimates. Hold this property as a medium-term core holding, leveraging its location and low-maintenance profile to minimise holding costs while the peninsula’s steady demand underpins value.