10/1 French Street, South Gladstone QLD 4680

Modern townhouse | three-bedroom low-maintenance | pool complex | investor or owner-occupier fit This property is competitively positioned as a near-new townhouse in a central suburb, offering a rare combination of three bedrooms, two bathrooms, and a separate third toilet within a compact 130-square-metre floorplan. The 2012 build places it well ahead of older stock in the area, and the inclusion of an ensuite with dual sinks, air conditioning in the main living and bedroom, and a private courtyard gives it the feel of a detached house without the land burden. For an owner-occupier seeking a lock-and-leave home close to schools and beach access, or an investor targeting tenants who value modern finishes and a pool, the configuration works hard. The 4.15% rental yield is solid for the price bracket, and the 2024 purchase at $280,000 suggests a recent reset in valuation that may offer upside. The primary risk is the strata title and shared pool maintenance, which can erode net returns if levies rise; a review of the body corporate sinking fund is warranted. The 166-square-metre land component is modest, limiting future subdivision potential, but the property’s low-maintenance design and central location mitigate obsolescence risk. For a buyer, the commercial logic rests on steady rental demand from Gladstone’s employment base and the townhouse’s appeal to downsizers. Hold for consistent income or occupy for convenience; this is not a land-banking play but a dependable, liquid holding.