55/3 Costata Street, Hillcrest QLD 4118

2-storey townhouse | 75m² lot | flood overlay | quiet complex | $465pw estimated rent This property presents a competitively priced entry into the Logan housing market, primarily serving the budget-conscious buyer or investor seeking yield. Its two-storey configuration on a minimal 75m² lot delivers a low-maintenance occupancy in a described quiet complex, a practical offering for small households or tenants. The estimated rental yield, based on a March 2023 purchase price, is strong, positioning this townhouse as a cash-flow focused investment vehicle. It best suits an investor prioritizing reliable tenancy demand over capital growth, given the unit’s functional layout and constrained land component. The decision hinges on accepting the quantified flood risk and the inherent growth limitations of a small-lot unit. The flood overlay imposes ongoing insurance costs and potential resale difficulty, a direct financial and liquidity burden. Opportunity exists if the complex’s quiet character sustains tenant demand, justifying hold for yield. However, with suburb growth likely led by standard houses, this property’s value trajectory will be modest; acquire only to hold for income, not for significant appreciation.