1/34 Labrador Street, Labrador QLD 4215

4-bed apartment in Labrador | 254m² internal | flood overlay present | off-market opportunity This property is competitively positioned as one of the largest apartments in Labrador, with 254m² of internal space and a 138m² lot that effectively functions as a house within a strata complex. The four-bedroom layout with two living areas, study, and outdoor deck is rare for the suburb, where typical units are two-bedroom and under 100m². For a buyer seeking a family-sized home with low-maintenance strata living, this configuration provides a distinct advantage over comparable houses in the price range. The 2021 sales history suggests strong capital growth, and the estimated rental yield of $980 per week indicates solid demand from tenants, making it suitable for investors targeting the family segment. The primary risk is the flood overlay, which should be verified with council and may increase insurance costs by an estimated $2,000 to $3,000 annually. The property is currently off-market, so direct engagement with local agents like General Realty is recommended to negotiate without competing bids. The complex context shows smaller units valued lower, which supports this property’s premium positioning but also means resale comparables are limited. For a buyer willing to investigate flood mitigation and act discreetly, this represents an opportunity to acquire a high-quality, spacious apartment in a growth corridor with strong rental fundamentals.