21 Glegg Street, West Gladstone QLD 4680

Elevated ocean-view house | 3-bedroom, 1-bathroom on 688m² | first sale in 10 years | tenanted at $500/week until November | no flood or heritage overlays. This property’s strongest buying case is its combination of immediate income and long-term scarcity. The tenancy at $500/week provides cash flow from day one, while the first market appearance in a decade suggests limited competition and potential for below-market entry. The elevated 688m² block with ocean views and cooling breezes is rare in this pocket, and the absence of flood or heritage overlays reduces holding risk. For an investor or owner-occupier seeking a low-supply coastal position with rental coverage, this house offers a practical entry point. The main risk is the valuation gap—Domain’s $640,000 estimate sits well above property.com.au’s $443,000, meaning you may pay a premium for the scarcity and view. The single bathroom and one living area limit appeal for families, and the tenancy runs only to November, requiring re-letting or vacancy management. Opportunity lies in the fully fenced yard and balcony for future renovation upside, and FTTP broadband adds modest tenant appeal. Hold for rental yield or occupy after lease expiry—either way, the block and position underpin value.