3/20 Winston Drive, Bongaree QLD 4507

Waterfront proximity | boutique block of four | generous 102sqm internal | bay views from master and balcony The property’s strongest buying case lies in its scarcity,a low-density block of only four units, under 100 metres from the Bongaree waterfront, with genuine bay views from both the master bedroom and a generous balcony. The 102sqm internal footprint is unusually spacious for a two-bedroom unit in this price bracket, and the updated kitchen and bathroom mean no immediate capital outlay. This unit suits downsizers or investors seeking a low-maintenance coastal hold with walk-everywhere access to cafes, the jetty precinct, and shops, all within a suburb that has recorded 12.9% growth. The primary risk is price discipline: the $699,000 ask sits well above the domain.com.au estimate of $580,000, and the property last changed hands in 2016 for $290,000, meaning the buyer is paying for the location premium and recent renovations rather than intrinsic value uplift. The small complex limits body corporate leverage, and the lock-up garage houses the hot water system,a practical but not premium arrangement. The opportunity is in the waterfront adjacency and low unit count, which historically hold value better than larger complexes in softer markets. Hold for lifestyle or rental yield around 3.5%; exit only if Bongaree’s growth trajectory stalls.