406/4 Como Cres, Southport QLD 4215
406/4 Como Cres, Southport QLD 4215
Flood overlay detected | Townhouse-style unit | Below suburb median | Vacant ready to occupy
The flood overlay introduces potential insurance and resale friction, though the property has transacted twice without incident since 2017. The 175m² lot and dual-access layout create a rare infill product in a residential-only marina building, which supports holding strategies. This is a buy-and-hold proposition for an owner-occupier willing to manage flood risk premiums, not a short-term flip.
The property competes sharply on space per dollar against Southport’s median three-bedroom unit price of $1.005m, offering above 40% more land while sitting $10,000 below that median. The 75% owner-occupier share in the building signals subdued rental churn that benefits long-term stability. This suits a downsizer or professional couple wanting square metres over square metre yields. Schedule a building and pest inspection before proceeding to negotiate.
Detailed Independent Property Report prepared by PropCred Analyst team for 406/4 Como Cres, Southport QLD 4215
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Southport is a key Gold Coast business hub, with demand driven by young professionals and constrained housing supply. House prices have surged (up ~18% annually), with a severe shortage of new stock against strong sales. Units offer more supply and higher yields (~5%), serving as an affordable coastal entry point. Future growth is anchored by the expanding Health & Knowledge Precinct, though house affordability remains a key constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
1.28 acres
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