1/24 Camborne Street, Alderley QLD 4051

Semi-ground floor | Tenanted until August | Walk to station & shops | Entry-level 1-bed unit This unit presents a competitively positioned entry point into a well-connected suburb. Its semi-ground floor placement and tenancy provide immediate stability, while the walkable proximity to rail, retail, and parks underpins enduring rental demand. The configuration is squarely aimed at the investor or first-home buyer seeking a low-maintenance foothold, with the current tenancy ensuring seamless income from acquisition. Its strength lies in this functional utility within a high-amenity location, not in its features or lot size. Proceed with the understanding that its compact 67m² lot and standard unit build offer limited future value growth from the property itself; appreciation is tied directly to suburb-wide movement. The commercial logic is to hold as a long-term income-generating property, leveraging its transit-oriented appeal to maintain high occupancy. Consider this a strategic land-bank purchase where you are acquiring the location more than the building, making it a hold for yield, not for transformation. Comparable sales data is limited, with the property last selling in 2022. Recent unit sales in Alderley are noted but unspecified. A current estimate of approximately $395k exists, suggesting the listed ‘offers over $499,000’ may reflect a premium for the tenanted, ready-to-go position or recent market shifts. This discrepancy necessitates thorough due diligence on recent sales to validate the asking price.