2/162 Prince Edward Parade, Scarborough QLD 4020

Ground-floor waterfront villa | private deck access | low-set 1990 build | no bushfire overlays This property presents a specific risk in its age and potential for upcoming capital works within the nine-unit complex, which could levy substantial special costs on the owner. The opportunity lies in securing a low-set, ground-floor unit with direct water access in a coastal suburb—a rare combination that typically sustains demand. Given the lack of comparable sales data, the asking price requires validation through an independent valuation and a thorough review of the body corporate records before any commitment. This unit is best held as a long-term lifestyle purchase, not a short-term trading proposition. Its competitive strength is the genuine waterfront positioning with private deck access, a feature that fundamentally distinguishes it from most suburban offerings. The north-east corner placement ensures natural light and water views, while the ground-floor layout with private access appeals strongly to downsizers or those seeking single-level living without strata lift dependence. This property serves a buyer prioritising lifestyle immediacy over modern interiors or development potential. To secure a position in this niche market, immediate due diligence on the body corporate’s financial health and planned expenditures is the essential next step.