10/6-10 Wattle Street, Yorkeys Knob QLD 4878

Upper floor, leafy outlook, elevator access, resort pool | Two-bedroom, two-bathroom with separate study nook | Under market estimate by 8–9% | Low days on market, strong buyer interest | Yorkeys Knob beachside pocket This unit offers a rare combination of internal space and a genuine coastal lifestyle. At 122 square metres, it is larger than most two-bedroom apartments in Cairns, and the open-plan layout with a substantial balcony creates a liveable footprint that competes with a small house. The elevator access and secure parking remove friction for downsizers or investors targeting long-term tenants. Being priced roughly 8–9% below estimated value signals either a motivated seller or an opportunity to buy below replacement cost. This property suits a buyer who wants immediate occupancy in a low-maintenance setting, or an investor chasing a yield near $660 per week in a tightly held beachside complex. The bushfire and flood overlays are present, which may affect insurance premiums and future resale buyer pools. These are not deal-breakers in this location, but they do narrow the buyer demographic and should be factored into holding costs. The complex’s total land area of 2025 square metres is shared, so there is no individual land title advantage. The property last transacted in 2022, and the current list price suggests limited capital growth since then. The opportunity lies in buying below current estimates and holding for steady rental income or moderate medium-term appreciation. If the price can be negotiated closer to the lower end of the range, the buyer gains immediate equity and a defensible position in a market with constrained supply.