2/40 Moriarty Street, Emerald QLD 4720

Low-set brick townhouse | 3 beds with master ensuite | flood-free estate | leased until 2026 | no body corporate This property presents a competitively strong, low-maintenance holding in a sought-after flood-free enclave. Its modern finishes, dual living zones, and double garage with internal access deliver a practical family or tenant layout, further strengthened by an existing tenancy with a scheduled rental increase. The absence of body corporate fees is a distinct financial advantage for an investor, positioning this as a rare, unencumbered title within a managed estate. The primary risk is its price premium against the suburb median for units, requiring sustained rental growth to justify. However, the established tenancy and below-market yield against suburb averages signal immediate income and reduced vacancy exposure. Acquire this as a long-term hold to capitalise on Emerald’s growth trajectory while collecting secure, leveraged income from a quality, passive property. Recent comparable sales indicate a premium positioning: – 41 Moriarty Street sold for $389,000, underscoring this property’s higher valuation. – 6 Wright Street, a larger 4-bedroom home, had an asking price over $720,000, providing context for the upper market segment. This sales data confirms the subject property is priced at the upper end of its immediate peer group, demanding superior condition and its flood-free location to validate the asking price.