2/130 Prince Edward Parade, Scarborough QLD 4020

Tightly held six-unit block | Scarborough beachside | Long owner tenure | Flood overlay present | Capital growth history This unit sits in one of Scarborough’s smallest and most stable complexes, where average owner tenure exceeds eighteen years. For a buyer, that signals low turnover, limited supply, and a resident profile that maintains the building’s condition and amenity. The beachside position, proximity to Queens Beach and the Scarborough café strip, and likely Moreton Bay views give it a lifestyle edge that supports both owner-occupier appeal and long-term value retention. The property suits a buyer seeking a coastal base with scarcity value rather than high rental yield. The flood overlay is the material risk here, and it should be investigated for insurance cost, lender policy, and resale impact. That said, the building’s age and small scale may mean lower strata complexity and fewer surprise levies than larger complexes. The modest rental yield of under three percent confirms this is a capital-growth property, not an income play. For a buyer who can hold and tolerate the flood risk, the combination of tight supply, beachside location, and proven long-term appreciation makes this a defensible purchase in a tightly held pocket of Scarborough.