4/130 Prince Edward Parade, Scarborough QLD 4020

Small building, long-hold owners | Flood overlay flagged | Coastal fringe, decent schools | 2-bed, 1-bath, one car | Stable tenure, low turnover. This property sits in a six-unit building where every owner has held for over a decade, which signals a well-managed, low-turnover complex with limited supply risk. The 2-bed, 1-bath configuration with a single car space is a practical entry point into Scarborough’s coastal fringe, and the catchment for Scarborough State School and Redcliffe High adds family appeal. For a buyer seeking a solid, long-term hold in a stable small complex, this unit offers a rare ownership profile that typically supports capital preservation. The primary risk is the flood overlay, which must be investigated thoroughly for historical impact and insurance implications. However, the long owner tenure suggests any flood concerns have been manageable for residents. The rental yield around 2.86% is modest, so this suits an owner-occupier or a buyer with a low cost of funds more than a yield-focused investor. The HFC NBN and 5G coverage are functional but not value drivers. The opportunity lies in acquiring a unit in a tightly held building where future supply is constrained and owner sentiment is proven resilient.