17/138 Hansford Road, Coombabah QLD 4216

Single-level villa | 187m² lot | hybrid flooring throughout | 5.4% gross yield potential | bushfire and flood overlays This two-bedroom villa presents a competitively-priced entry into the Coombabah unit market, distinguished by its larger-than-average 187m² lot, which offers a tangible point of differentiation from typical strata units. The single-level design, modern hybrid flooring, and ceiling fans throughout cater directly to the owner-occupier seeking low-maintenance coastal living or the investor targeting stable rental demand from small families or professionals within the Coombabah State School catchment. Its estimated midpoint value positions it as a value-conscious proposition within the suburb’s established low-rise unit precinct. Your decision hinges on accepting the quantified risks of the bushfire and flood overlays, which may impact insurance costs and future financeability, against the commercial logic of securing a high-yielding unit in a family-oriented location. The property’s configuration and yield signal a stronger case as a long-term hold for cash flow, rather than a short-term capital play, given the overlay constraints and the suburb’s established character limiting dramatic value spikes. Proceed with detailed due diligence on overlay implications, but the fundamentals support a disciplined acquisition for the right buyer profile. Recent comparable sales at 138 Hansford Road provide context: a similar 2-bedroom unit on a 168m² lot carries an estimated value of $616k, while another in the complex was previously listed at $450k. This suggests the subject property’s larger lot may command a modest premium, but the historical listing also indicates market variability. For you, this reinforces that offers should be anchored to recent, verified sales rather than listed prices, with the lot size being a legitimate lever for value justification.