49B O'Connell Street, Barney Point QLD 4680

2-bed duplex | fixed lease to 2027 | below suburb median | low-maintenance yard | 5.3%+ yield estimate This property presents a compelling, low-maintenance entry into the Barney Point market, strategically positioned below the suburb median. Its fixed-term lease until March 2027 at $390 per week provides immediate income certainty and strong yield, making it a turnkey proposition for an investor seeking insulation from vacancy risk. The configuration-a two-bedroom duplex on a fully fenced block with solar panels and automatic garage-caters precisely to downsizers or investors targeting durable rental demand for compact, efficient homes. Its walkable proximity to the sports club and shops reinforces its convenience without premium pricing. Proceed with the understanding that the 2022 purchase price of $220,000 indicates significant prior appreciation, compressing short-term capital growth potential and demanding a focus on yield. The primary opportunity is to secure a stable income stream in a rising rental market, with the 2027 lease expiry offering a future value-add moment through a rental review. Given its below-median price point and locked tenancy, this property is a defensive hold; its value is in reliable cash flow, not imminent redevelopment or rapid equity gain. Recent comparable sales provide context: * 15 Moura Crescent sold for $395,000, demonstrating achievable price points for similar stock. * This property last sold for $220,000 in February 2022. These figures underscore a market where values have risen, and the current asking price seeks to align with recent transactions while offering the added security of an established lease.