3208/222 Margaret Street, Brisbane City QLD 4000

Flood overlay detected | Rental income covers holding costs | 2-bed in tight city supply | 11 years since last transaction The property carries a known flood risk overlay, which introduces insurance cost uncertainty and may impact future resale liquidity, but the 4.5% rental yield offsets these costs for a buyer holding for income. The 27-day average days on market for similar units suggests demand is steady, not speculative. This unit suits a buyer seeking a long-term hold with stable rental return, not short-term capital gain. The competitive strength lies in the buildings amenities, including the level 40 pool and gym, which differentiate it from older city stock. At 67 m², the floorplan is efficient for two bedrooms, appealing to professional tenants or downsizers. The tenant in place until June offers immediate income, but the furnished interior requires a landlord comfortable with turnover logistics. Comparable sales: median $850,000 for 2-bed in Brisbane City, with days on market averaging 27. The current estimate sits slightly below this median, suggesting room for negotiation given the flood overlay. This context supports a disciplined offer approach. To proceed, review insurance quotes for the flood overlay and confirm the tenants departure date. Then, inspect for building maintenance records to validate amenity value.