5/1-5 Barrier Street Port Douglas QLD 4877

2-bed apartment, Port Douglas | 97m² floorplate, 52m² lot | Secure carport, in-ground pool | School and 5G catchment | No overlay risk. This property offers a rare combination of generous internal space and low-maintenance lot size in a tightly held coastal market. The 97m² floor area is well above typical two-bedroom apartments, giving a buyer immediate competitive advantage in owner-occupier appeal and tenant desirability. Secure parking and shared pool access remove common friction points for renters or holiday buyers. The absence of bushfire, flood, or heritage overlays simplifies due diligence and insurance cost. This unit best serves a buyer seeking stable rental yield with future capital growth potential from a compact, low-risk holding in a tourism-driven location. The primary risk is the 52m² lot, which limits any future subdivision or significant structural expansion, and the 2021 sale price of $250,000 suggests recent appreciation may compress near-term upside. The buyer’s opportunity lies in the rental income range of $515–$625 weekly, which at the median $570 provides a strong gross yield relative to current pricing. The property is best held as a long-term rental in a market with consistent short-term demand, or used as a secure holiday lock-up with low holding costs.