11811/1 Cordelia Street, South Brisbane QLD 4101

1-bed flat in South Brisbane | flood overlay present | near CBD and schools | boutique building with commercial ground floor This property offers a competitive entry point into South Brisbane’s tight market for one-bedroom units, where listings under $800,000 are scarce. Its 62m² internal size, combined with a car space and balcony, positions it well for owner-occupiers or investors seeking a yield above 5% in a walkable, amenity-rich suburb. The building’s mixed-use design, with a tenanted commercial space on the ground floor, adds a layer of passive income and stability to the strata scheme, which may appeal to buyers prioritising long-term holding. Proximity to Brisbane State High School and West End State School further strengthens demand from families or tenants. The flood overlay is the primary risk and warrants a thorough history check and insurance cost estimate before proceeding. While no bushfire or heritage issues exist, the property’s location in a flood-prone zone could affect resale liquidity and borrowing terms. On the opportunity side, the unit’s broadband and 5G connectivity support remote work appeal, and the limited supply of comparable one-bedroom apartments under $800,000 in the area suggests pricing resilience. A strata inspection is recommended to confirm body corporate health and any upcoming levies.