2/23 Wentford Street, Mackay QLD 4740

2/23 Wentford | boutique low-rise | renovated entry point | flood overlay present | suited to owner-occupier or yield investor The property sits in a rare configuration,only three residences in the complex,giving it a privacy and low-density advantage most units in Mackay lack. The interior renovation is recent and appears comprehensive, meaning a buyer avoids immediate capital spend and can occupy or lease without friction. The single garage’s conversion into flexible living space is a genuine differentiator for downsizers or remote workers. Positioned close to the CBD, beaches and schooling, it serves a buyer seeking lock-and-leave convenience with walkable amenity, and the owner-occupier skew in the building (75%) suggests stable neighbours and quieter tenure. For an investor, the midpoint rental estimate of $465 per week against a likely purchase near $450,000 yields roughly 5.4% gross,solid for a regional centre with sub-30-day average selling times. The flood overlay is the primary risk and cannot be dismissed. It may constrain future capital growth relative to non-flood affected stock and could raise insurance premiums or lender scrutiny. The buyer should obtain a flood level certificate and check if the property has ever flooded. On the opportunity side, the unit last traded in August 2025 at $425,000, so the current ask around $450,000 represents a modest 6% uplift in under a year,reasonable if the renovation adds genuine value. The market context shows 21 similar properties sold recently with a median of $475,000, so the ask sits below that median, leaving some theoretical headroom. Hold this as a low-maintenance residence or rental; the boutique nature limits supply and supports steady demand from owner-occupiers who value privacy over space.