408/42 Jenner Street, Nundah QLD 4012

modern 2-bedder | strong comparable sale in building | rental yield solid | flood overlay flagged This unit presents a compelling buying case for a buyer seeking a well-configured two-bedroom apartment in a building with clear recent sale evidence. The comparable sale of 407 at $812,000 in April 2026 establishes a reliable ceiling for value, and the asking price sits below that marker, offering a potential entry discount. The rental estimate of $660 per week supports a yield profile attractive to owner-occupiers with an investment mindset, particularly given the building’s proximity to school catchments and strong digital connectivity. The unit’s balcony, air conditioning, and built-in robes align with current tenant and owner expectations, making it a practical hold for a professional couple or small family. The flood overlay is the primary risk and must be investigated thoroughly, as it may elevate insurance premiums and affect lender appetite or resale demand. However, for a buyer who completes due diligence and secures favourable insurance terms, this overlay can also reduce competition from risk-averse purchasers, potentially strengthening negotiating position. The building’s recent sales activity and solid rental demand suggest the location itself is not impaired, and the unit’s below-estimate asking price may reflect the market’s cautious pricing of that flood risk rather than any structural flaw.