27 Turner Avenue, Atherton QLD 4883

Pre-leased discount | Fixed rent below market | No vacancy upside until mid-2026 | Yield compression possible The pre-existing lease at $580/week locks in a below-market return until July 2026, costing roughly $30–$55 per week in forgone income versus current median estimates. This effectively reprices the property downward by approximately $15,000–$28,000 in net present value for an owner-occupier or yield-focused buyer. For an investor seeking a hands-on hold, the lease provides immediate income certainty through a soft market, but the fixed ceiling limits capital growth contribution from rental upside. The house suits a buyer who values time over yield—someone who wants a turnkey position in Atherton’s tightening supply without vacancy risk. What is competitively rare here is the near-new build on a fully fenced 620m² lot with side access in Atherton, a combination that typically takes years to assemble. The double garage, open-plan layout, and rear patio give it immediate appeal to families seeking low-maintenance living without sacrificing outdoor utility. This property serves best a buyer who prioritizes build quality and location over speculative yield—one who can treat the lease as a paid hold period while Atherton’s supply deficit deepens. To test whether this discount is worth the wait, compare it against the scarcity of similar vacant stock at the same price point.