4/23 Melton Road, Nundah QLD 4012

small-lot unit block | 2-bed, 1-bath, 1-car | strong rental yield signal | no overlay risks | Nundah school catchment This property is positioned as a compact, low-density unit in a block of only seven, which is increasingly rare in Nundah’s transit-oriented infill market. The configuration suits owner-occupiers seeking a quieter footprint, downsizers trading house maintenance for lock-and-leave convenience, and investors after a functional yield—the March 2024 sale paired with advertised rent implies gross yield in the mid-5% range, which is competitive for this suburb. The absence of bushfire, flood, or heritage overlays reduces holding risk, while the catchment placement for Nundah State School and Aviation High adds a practical layer of buyer appeal. The generously sized master with mirrored built-in robes is a genuine differentiator for a two-bedroom unit at this scale. The land component is modest at 225 square metres, which may constrain long-term capital growth compared to larger allotments in the area. Secure parking is confirmed, but the lack of shared amenities and the older building profile—without a stated construction year or finish schedule—means the unit’s condition and any recent renovations will materially affect its value. The floor level and aspect are unknown, so orientation and natural light cannot be assumed. A buyer should verify these on inspection and weigh the unit’s internal quality against the limited land value, as the price will be driven more by liveability and yield than by site speculation.