1/104 Christine Avenue, Burleigh Waters QLD 4220

Small land strata unit | 2-bed townhouse configuration | strong rental demand | school catchment | flood overlay area. This property presents a competitively priced entry into the Burleigh Waters market, serving buyers seeking yield or a lower-cost foothold in a high-demand suburb. Its configuration as a likely strata-title townhouse on a minimal 169m² parcel distinguishes it from the typical detached houses on 600m²+ lots prevalent on Christine Avenue. This positions it for investors or owner-occupiers prioritising low-maintenance living and proximity to schools over land ownership. The immediate context shows active demand for two-bedroom rentals at approximately $850 per week, indicating a solid yield profile. The property falls within the Caningeraba and Miami State School catchments, a persistent value driver for a segment of the market. The decision hinges on accepting strata governance and the identified flood overlay, which imposes assessment costs and potential insurance premiums, directly eroding holding costs. The small land component offers no land banking value, capping capital growth relative to free-standing houses in the same street. The commercial logic is rental; the configuration matches proven demand, suggesting reliable tenancy. Hold this property as a cash-flow investment within a diversified portfolio, not as a primary vehicle for land-based capital growth. Proceed with a conveyancer to scrutinise strata health and a specific flood impact assessment. Recent comparable listings on Christine Avenue include a two-bedroom, one-bathroom townhouse at 20/105 Christine Avenue newly listed at $849,000, and a two-bedroom, one-bathroom townhouse at 1/105 Christine Avenue with an undisclosed price. A three-bedroom, two-bathroom townhouse at 63/220 Christine Avenue also had its price withheld. This cluster of townhouse activity, particularly the $849,000 ask for a near-identical configuration, provides a credible benchmark, suggesting the subject property operates within a defined and transactable price band for this asset class in the locale.