17/1-7 Gregory Street, North Ward QLD 4810

2-bed flat in North Ward | flood overlay flagged | solid rental yield | NBN FTTP connected The property’s competitive position is strongest for a buyer seeking an established rental return in a desirable coastal suburb. The two-bedroom, two-bathroom configuration with a single car space is a practical layout that appeals to both professionals and downsizers, and the unit complex sits on approximately one acre which provides a sense of space uncommon in flat developments. The rental income potential of $605 to $670 per week offers a reasonable yield relative to the current market range, and the building’s historical sales data shows some units achieving strong annual growth up to 12%, suggesting the complex has pockets of outperformance. This unit suits an investor prioritising cash flow over capital gain speculation, or a buyer wanting a lock-and-leave base in North Ward. The flood overlay is the principal risk and carries real cost implications for insurance premiums and may affect future resale liquidity if buyers become more risk-averse. The building’s varied historical growth rates across units,some as low as 1.5% annually,indicate that not all apartments in this complex perform equally, so unit-specific factors like aspect and floor level matter. There is an opportunity to negotiate on price if the flood risk deters other buyers, and the NBN FTTP connection adds practical value for remote workers. Hold this property for steady rental income and review insurance annually.