5/1060 Waterworks Road, The Gap QLD 4061

Renovated townhouse in gated resort complex | Mountain views and dual-living layout | Strong demand in The Gap’s tight market | No stairs rear access a rare find The buying case here is built on configuration and positioning. This is a three-bedroom, three-bathroom townhouse in a secure complex that functions like a low-maintenance house. The split-level layout with a downstairs ensuite bedroom and rumpus room offers genuine dual-living potential for guests or an older child, which is uncommon in this price bracket. The renovation is current, the cathedral ceilings and mountain views give it a premium feel, and the no-stairs rear access to the courtyard removes a common objection in townhouse living. For a buyer who values privacy, amenity, and lock-and-leave convenience without sacrificing space, this property sits in a narrow competitive set. The Gap’s market is active, with low days on market and a high owner-occupier demographic, so resale risk is manageable. The risks are specific and worth weighing. The property sits under bushfire and flood overlays, which may affect insurance costs and future buyer appetite, though the elevated position mitigates some exposure. The tandem garage is oversized but not ideal for two-car households needing independent access daily. The complex is resort-style, which means body corporate fees are higher than a standard townhouse, and that eats into yield if you ever rent it out. The opportunity is in the dual-living layout and the quality of the renovation—both are hard to replicate in this complex. If you plan to hold for five years or more, the location and configuration should hold value better than a standard unit. Use this as a primary residence with income flexibility from the downstairs space, not as a pure investment.