10/15 Perkins Street, North Mackay QLD 4740

Modern lowset villa | Flood overlay flagged | Strong rental yield | Established tenant locked in | Body corporate cost notable This property presents as a yield-driven acquisition in a convenient North Mackay location, with the primary competitive advantage being its secure tenancy at $550 per week through to mid-2026. The low-maintenance, single-level layout with air conditioning, private yard, and lock-up garage appeals directly to investors seeking immediate, stable cash flow, as well as owner-occupiers wanting a lock-and-leave home near schools and the Gooseponds. The asking price aligns closely with recent valuation signals, and the gross return is solid for this price bracket. The flood overlay is the principal risk and must be investigated thoroughly, as it may affect insurance premiums and long-term resale liquidity. Body corporate fees are relatively high and will meaningfully reduce net returns, so the strata’s financial health and any upcoming levies warrant close scrutiny. The opportunity lies in the tenant’s long lease providing income certainty while the buyer completes due diligence on flood history and building elevation. For a disciplined investor, this unit offers a rare combination of immediate income and low ongoing management burden.