3/40 Margaret Street Southport QLD 4215

Boutique 6-townhouse block|Last sold $260k in 2021|Now offers >$720k|Est value $1.02m|Rental yield ~4%. This two-bedroom one-bathroom townhouse in a small block of six suits professionals or small families seeking low-maintenance central living. It delivers practical open-plan living with air conditioning and built-in storage, though it needs some updates for modern standards. Positioned in a quiet boutique complex, it stands out from larger unit blocks nearby, appealing to buyers wanting privacy without the upkeep of a house. Professionals drawn to its walkable Southport location favor such setups for easy access to schools and amenities like Southport State School just 0.6km away. Similar two-bedroom townhouses in the area have seen values rise 9.2% over the past year, with medians at $740k and days on market around 54, signaling steady demand. Last sold for $260k five years ago, this property’s near quadrupling in estimated value to $1.02m reflects Southport’s growth trajectory applied to well-placed stock. Its single parking space aligns with local norms, supporting rental yields near 4.6% that attract investors holding for capital gains. Long-term appeal lies in the residential zoning and absence of flood or bushfire risks, positioning it as a reliable hold in a balanced market. Small blocks like this tend to retain value better than high-density units, offering stability for owner-occupiers or portfolios.