10/118 Racecourse Road, Ascot QLD 4007

| Silk Ascot | low-rise exclusivity | 13 residences | 2 secure parks | walk to CBD | This property offers a rare combination of low-rise exclusivity and premium suburb positioning. The 104m² internal footprint with two dedicated car spaces is unusually generous for a two-bedroom apartment, giving it a competitive edge over typical high-density stock. Built in 2020, the floorboards and ensuite layout suit professional couples or downsizers who value lock-and-leave convenience without sacrificing space. The absence of flood or bushfire overlays removes a common concern in river-adjacent suburbs, and the school catchment adds practical appeal for families planning ahead. The primary risk is the limited comparable sales data for this exact unit type within Silk Ascot, making valuation less certain than in a larger complex. The 2024 auction result of $1.65m for a similar two-bedroom unit suggests strong demand, but that single data point should not be overinterpreted. The buyer should also note that the 2020 purchase price of $790k reflects off-the-plan pricing, not current market dynamics. The opportunity here lies in the building’s small scale—fewer units means less turnover and more stable owner-occupier composition, which supports long-term value. Hold this property as a low-maintenance city-fringe base or a high-end rental; it is not a renovation play.