24/35-37 Louie Piccone Way, Edmonton QLD 4869

Studio unit | Edmonton growth corridor | Flood overlay present | Updated interiors | Tenanted at $320pw This property offers a rare combination of low entry price and immediate rental income within a suburb that has recorded 14.7% growth, making it one of the more accessible options in the Cairns region. The updated kitchen, air-conditioning, and ensuite are features that typically command higher rents, and the undercover carport directly beneath the unit adds convenience that is uncommon in studio apartments. The property is best suited to an investor seeking a low-maintenance holding with a tenant already in place, or a first-time buyer wanting to enter the market with a manageable footprint. The on-site pool and coin laundry reduce owner obligations while maintaining appeal for tenants. The primary risk is the flood overlay, which may affect insurance premiums and could limit future capital gains compared to properties on higher ground. This cost must be factored into the buyer’s holding budget. The projected rental range of $380–$420 per week suggests that the current rent of $320 is below market, presenting a clear opportunity to increase income at lease renewal. The bus route and proximity to Edmonton’s shops and childcare support steady tenant demand. For a buyer, this unit works best as a long-term hold with a strategy of incremental rent adjustments and patience for the suburb’s growth to lift the property’s value.