22/1 Bowen Street Mango Hill QLD 4509

Built 2017, flood overlay present | $889k valuation | Strong rental yield at $660/week | Townhouse with courtyard appeal This three-bedroom townhouse on a 172 square metre lot represents a compact, low-maintenance entry point suited to first-time buyers, downsizers, and property investors seeking established neighbourhood infrastructure without land management complexity. The property sits within a townhouse complex on Bowen Street, a location that benefits from proximity to Mango Hill train station and bus services, positioning it as accessible for commuters without the space demands of a detached home. The 2017 construction date places it well within the modern townhouse era, suggesting contemporary design standards and fewer structural concerns typical of much older stock. The floor plan emphasises an open-plan living arrangement with courtyard flow, which has become a baseline expectation for this property category rather than a differentiator. The presence of a flood overlay warrants consideration during due diligence, though this alone does not preclude purchase—rather it signals the need for adequate insurance and awareness of localised drainage patterns in heavy rainfall events. From a market perspective, the recent valuation of approximately $889,000 against a last sale price of $421,000 in September 2021 reflects the substantial property appreciation Brisbane has experienced over that period. The estimated rental income of $660 per week translates to a gross yield in the region of 3.8 percent, positioning this as a moderate performer for investor-focused buyers rather than a yield-heavy opportunity. Properties of this configuration in established Moreton Bay suburbs tend to appeal to a pragmatic buyer base prioritising accessibility, low maintenance, and proximity to public transport over land size or renovation potential. The relative stability of the townhouse sector, combined with reliable infrastructure connectivity including NBN and 5G coverage, suggests reasonable long-term holding characteristics for those seeking yield supplementation or staged portfolio building.