4/63 Muir Street, Labrador QLD 4215

Double-storey townhouse | 217m² lot with private courtyard | Moments from Broadwater foreshore | Owners offering tenancy post-sale This property presents a competitively strong offering within the Labrador townhouse market, distinguished by its larger-than-standard lot size, functional three-bedroom layout with a downstairs powder room, and direct proximity to the Broadwater esplanade. Its configuration and tightly held location serve both lifestyle buyers seeking a low-maintenance coastal position and investors attracted by the immediate tenancy proposal, positioning it above basic suburban stock. Your decision hinges on accepting the vendor’s tenancy condition, which provides instant yield but costs control and potential value-add through personal use or a market-rate lease. The sharp price growth since its 2023 sale reflects strong suburb momentum, yet necessitates verifying this premium against recent comparable sales. Proceed with an investor’s mindset, capitalising on the secure initial income while banking on long-term land value growth in a limited waterfront precinct. Recent comparable sales data is limited, but the property’s own sale history is instructive. It last transacted in December 2023 for $771,000. The current listing above $990,000 signals substantial market movement, demanding scrutiny of similar recent townhouse sales in the immediate Broadwater precinct to validate this new price point.