227/12 Gregory Street, Westcourt QLD 4870

Well-priced one-bedder in resort complex | 92sqm internal floor area is rare | Strong rental yield above suburb average | Flood risk detected | Suits investor or downsizer seeking lifestyle This unit presents a rare configuration advantage in the Cairns market: a one-bedroom apartment with 92 square metres of internal space, effectively offering a footprint more typical of a two-bedroom. Combined with full furnishing, modern finishes, and access to extensive resort amenities,nine pools, tennis court, gym,the property positions strongly for two buyer profiles: an investor targeting high-yield, low-maintenance rental returns above the suburb average, or a downsizer seeking lock-and-leave lifestyle without sacrificing space. The 2023 purchase price of $291,000 and current listing near $409,000 reflect strong capital growth, but the property remains competitively priced within its estimate range, suggesting limited negotiation room for a quick sale. The key risk is the detected flood status, which may affect insurance costs and long-term resale appeal; buyers should verify the specific flood level for this lot via Queensland Globe. Body corporate fees of approximately $7,700 per annum are material and must be factored into net yield calculations. The opportunity lies in the property’s turnkey condition and immediate rental readiness, supported by a 6.37% gross yield estimate. For an investor, hold for rental income with a view to capital growth from ongoing suburb appreciation; for an owner-occupier, this unit offers a rare combination of space and amenity in a sought-after complex.