203/32 Glenora Street Wynnum QLD 4178

Listed from $990,000 | Built 2017 | Flood overlay detected | Bayside location near Wynnum Esplanade This two-bedroom apartment on a 126 square metre lot represents a mid-market unit offering in an established bayside residential pocket with resort-style complex amenities. The property appeals to downsizers, professionals, and investors seeking low-maintenance living within walking distance of waterfront and retail precincts, without the carrying costs of a standalone home. The unit sits within Point View Residences, a complex that emphasizes poolside positioning and indoor-outdoor flow typical of purpose-built apartment developments. Last transacted in February 2018 at $505,000, the asking price of $990,000 reflects cumulative appreciation driven by both property-specific factors and suburb-wide growth of 7.5 percent over the past 12 months. Current rental yield estimates centre around $760 per week, translating to approximately 3.9 percent gross yield, which aligns with Wynnum’s median apartment returns and suggests reasonable cash flow for investors at the current asking price. The property carries a detected flood overlay, a material consideration for both owner-occupiers and investors, as this affects insurance costs, lending terms, and long-term risk perception. Comparable two-bedroom units in the immediate area sold recently at $870,000, positioning this listing within a realistic market band and indicating neither significant premium nor discount positioning. The 2017 construction vintage places the apartment beyond major latent defect risk windows while still offering contemporary systems and finishes. Proximity to Wynnum State School and State High School catchments, combined with reliable NBN and 5G coverage, positions the asset attractively for professional households balancing lifestyle amenity with practical infrastructure. The property’s appeal ultimately depends on the buyer’s willingness to accept flood risk in exchange for waterfront lifestyle access and mid-market entry pricing within an established residential complex.