31010/24 Stratton Street, Newstead QLD 4006

2 bed, 2 bath corner apartment | 53m² in St Tropez | flood overlay flagged | strong rental yield at $780pw | premium Newstead lifestyle corridor This apartment occupies a modern corner position within a 2017 complex, which gives it a natural light and layout advantage over many units in the same building. The 53m² floorplan is compact but efficient, and the combination of air conditioning, balcony, built-in robes, dishwasher, intercom, and in-ground pool makes it a turnkey proposition for an owner-occupier seeking low-maintenance inner-city living or an investor targeting the professional tenant market. Its location less than 2 km from the CBD, near Emporium, James Street, and Gasworks, places it in one of Brisbane’s most sought-after lifestyle suburbs, with strong demand from both buyers and renters. The estimated rental range of $705pw to $855pw supports a solid yield, and the school catchment for New Farm State School and Fortitude Valley State Secondary College adds family appeal. The flood overlay is the primary risk and must be verified through a current council search, as it can affect insurance costs and resale liquidity. Inconsistent overlay data across sources means a buyer should not rely on aggregated reports. Body corporate fees, levy history, and any building-specific issues should be reviewed before commitment. The property is best suited to a buyer who values lifestyle proximity over expansive space, and who is prepared to conduct thorough due diligence on the flood status and strata records.