3/85 Warren Street, St Lucia QLD 4067

St Lucia unit | Ironside & Indooroopilly catchments | 115m² internal | 4.4% yield | no overlays This unit presents a competitively sized two-bedroom, two-bathroom floorplan in a consistently high-demand academic catchment. The internal area of 115 square metres is substantial for the configuration, offering practical space rarely found in newer builds. The absence of flood, bushfire, or heritage overlays removes significant administrative and insurance complexities. This property primarily serves an owner-occupier or investor seeking secure tenancy demand driven by its zoning for top-tier state schools. The decision hinges on the substantial value gain since 2012 and the current yield, which is respectable for the suburb. The primary risk is the lack of recent comparable sales data for precise valuation, requiring a buyer to establish price through competitive due diligence. The single carport space may limit appeal for multi-vehicle households. Proceed with an offer anchored to the lower end of the estimated range, anticipating stable rental demand or owner-occupier resale leveraged on its school catchments and internal size.