4/58 Wood Street, Barney Point QLD 4680

Boutique 4-unit complex | 3 bed 2 bath modern townhouse | Low-maintenance 169m² lot | Minutes to Gladstone CBD This property presents a competitively strong offering within its immediate locale due to its modern design in a very small, boutique complex, a configuration that is relatively rare for Barney Point. The three-bedroom, two-bathroom layout with low-maintenance lot size specifically serves owner-occupiers seeking convenience or investors targeting small family tenants, with its walking-distance proximity to Yaralla and the CBD underpinning its utility. Its recent market entry and the demonstrated sale of an identical unit in the same complex provide a clear, contemporary benchmark for value. The primary decision hinges on reconciling the recent comparable sale with the vendor’s pricing expectations, as a significant discrepancy would indicate overcapitalisation risk in this suburb. The opportunity exists to secure a turnkey property in a micro-complex that typically experiences lower volatility and body corporate risk than larger developments. Proceed only if due diligence confirms body corporate health and the sale aligns with the established March sale price; it is suited for a five-year hold to realise capital growth from its inherent scarcity. A Propcred report would ground your offer in a real market valuation and detail locality-specific risks, necessary checks, and insurance considerations. A direct comparable sale exists within the same complex: Unit 3/58 Wood Street, a 3-bedroom, 2-bathroom townhouse on an identical 169m² lot, sold for $315,000 on 15 March 2024. This transaction provides a critical, credible anchor for valuing the subject property, strongly suggesting any offer should be negotiated from this established market point.