2/24 Queen Street Yeppoon QLD 4703

2/24 Queen Street | Older unit in multi-unit building | Last sold 2002 | Limited recent comparable sales | Matches typical local stock profile. The primary risk is the outdated valuation anchor from its 2002 sale, creating significant uncertainty in pricing a fair market offer without a recent, direct comparable. This is compounded by conflicting public estimates for the address, suggesting data quality issues. The opportunity lies in acquiring a basic, functional unit in a building that has demonstrated substantial value growth for other units, as seen in a recent sale. Given the lack of clarity on building condition and strata health, this property is only suitable for a buyer prepared for due diligence and comfortable pricing an illiquid, older unit. This unit’s strength is its alignment with core Yeppoon demand for simple, two-bedroom units, offering a lower-cost entry point into the suburb. Its basic specification of two bedrooms, one bathroom, and a car space serves a practical buyer profile—investors seeking rental yield or occupants needing affordable coastal living—rather than luxury seekers. The recent high-value sale within the same building confirms the address’s market acceptance, though this specific unit represents its more modest segment. To navigate the pricing ambiguity and validate the strata’s condition, a buyer must commission an independent valuation and strata report before formulating an offer.