2/87 Guthrie Street, Paddington QLD 4064

Ground-floor unit | minimal stairs | solid brick complex | Milton State School catchment | Paddington Tavern redevelopment proximity This property presents a competitively positioned ground-floor unit in a desirable suburb, offering effortless living with a functional two-bedroom layout, ample storage, and a secure lock-up garage. Its solid brick construction and lack of flood overlays provide a durable, lower-risk foundation. The unit best serves owner-occupiers seeking low-maintenance convenience or investors targeting professionals, supported by strong rental demand evidenced by recent leasing activity in the complex and appraisal estimates. Proceed with a clear assessment of holding costs, including body corporate fees near $4,300 annually and a bushfire overlay which may impact insurance. The offering price appears aligned with the suburb median, but the absence of recent direct comparable sales in the complex necessitates rigorous valuation. An investor can anticipate a gross yield around 3.8-4.4%, while an owner-occupier secures a well-located foothold. Consider this a hold for steady capital growth driven by location, with its value amplified by the nearby tavern redevelopment. Our advisory report provides the precise market valuation, locality risk audit, and insurance assessment required for this specific purchase. Recent suburb sales data shows 33 two-bedroom units sold in Paddington this year with a median price of $867,100. This context suggests the asking price is market-aligned, though the lack of complex-specific sales underscores the need for a tailored valuation to determine precise positioning.