4/46 Lawson Street, Morningside QLD 4170

Private courtyard | boutique block of 4 | walk to station and shops | master with balcony and ensuite | pet-friendly This townhouse occupies a genuinely rare position in Morningside—a low-density block of only four residences with a private courtyard large enough for entertaining or a dog, which is almost unheard of at this price point in the suburb. The dual-level layout with a master ensuite and balcony gives it a feel closer to a small house than a standard unit, and the walk-to-station convenience means it will always hold appeal for professionals wanting city access without the car dependency. It suits a buyer who values privacy and outdoor space over square metreage, and the pet allowance widens the buyer pool significantly when reselling. The main risk is the 54m² lot—there is no land buffer for future capital growth beyond what the suburb’s rising demand provides, and the 60% renter profile on the street means the immediate neighbourhood feel may shift with tenancy turnover. That said, Morningside’s 16.9% recent growth and 70% auction clearance rate show strong absorption, and the boutique block limits body corporate noise. The opportunity is to hold this as a low-maintenance home or a high-yield rental given the 3% suburb yield and consistent renter demand. Buy it for the courtyard and the location, not for land banking.