322/66 Manning Street, South Brisbane QLD 4101

1-bed studio in South Brisbane | 43m² compact city floorplan | Built 2014 in strong rental corridor | Flood overlay flagged This unit sits in a tight South Brisbane market where small floorplans near the city command a premium from investors and owner-occupiers who prioritise location over space. The 2014 build means modern construction standards and lower near-term maintenance risk compared to older stock. Its 39m² internal area is small but functional for a single professional or as a rental, and the Brisbane State High School catchment is a genuine demand driver that supports both resale and rental appeal. The buyer who takes this property is buying a position in a high-demand corridor, not square metres. The flood overlay is the primary risk, and it will narrow the buyer pool and may affect insurance costs. Given the building is post-2014, flood resilience is likely improved, but the overlay remains a pricing constraint. The $590k–$610k list sits below the property.com.au estimate, which suggests room if the flood risk is properly priced. Rental income of $645 per week gives a gross yield near 5.5%, strong for Brisbane. Hold this unit as a rental or occupy it while the catchment and corridor appreciate; it is a location play, not a space play.