20401/37D Harbour Road, Hamilton QLD 4007

Prestigious Portside complex | Flood overlay present | Leased 2024 | Two-bedroom unit with premium amenities This unit presents a competitively strong offering within Hamilton’s established Portside development, a complex noted for its premium communal facilities including a 25-metre pool and rooftop entertaining. The property’s internal specifications—ducted heating and cooling, two bathrooms, and secure parking—align with expectations for a modern, low-maintenance residence in a sought-after location. It best serves an owner-occupier seeking a turnkey lifestyle or an investor acquiring a property with demonstrated tenant appeal, as evidenced by its recent lease. The primary decision mechanism is the flood overlay, which introduces insurance cost and potential future resale risk that must be priced into any offer. The absence of recent, direct comparable sales within the same building complicates precise valuation. Given the leased status, holding as an investment leverages current income, though the sale price must reflect the overlay discount; a sub-$1 million acquisition would be commercially prudent to account for this perpetual risk. Recent comparable sales data is limited but instructive. Unit 20601/37D in the same building, also a two-bedroom, two-bathroom layout, sold for $750,000 in July 2024. This significant variance from the subject property’s listed price demands scrutiny, suggesting factors like aspect, floor level, or condition may heavily influence value within the complex. This disparity underscores the necessity for a precise, current valuation and inspection before determining an offer.