34/1 Grenada Way Parrearra QLD 4575

3-bedroom apartment in Parrearra | 180m² lot with 137m² floorplan | built 2008 in a complex | Brightwater State School catchment | NBN and 5G connectivity present The buying case rests on a rare combination of generous internal space and a full 180m² lot for an apartment, which positions this unit well above typical strata offerings in the corridor. The 2008 build avoids the compromises of older stock while the three-bedroom, two-bathroom configuration—including an ensuite—directly suits owner-occupiers or families seeking lock-and-leave convenience without sacrificing room count. Its location within the Brightwater State School catchment adds a structural demand floor that investors and families both value, and the absence of bushfire, flood, or heritage overlays removes common friction points in the Sunshine Coast market. This property is best suited to a buyer who prioritises space and school access over a premium address. The primary risk is that the unit sits within a complex, which introduces body corporate fees and potential restrictions that a standalone house avoids; these costs must be verified against the rental estimate of $870 per week to confirm net yield viability. The estimated value range of $1.14–$1.4 million suggests the recent $1.15 million purchase price sits near the floor, offering limited immediate upside but a reasonable entry point for a buyer who intends to hold. The lack of FTTP is a minor concession that does not materially affect demand. For a buyer, this property functions best as a medium-term hold with a focus on stable rental income or as a family home that avoids the premium of a detached house while still delivering comparable space.