5/110 Crosby Road, Ascot QLD 4007

Top floor, city views, boutique block, no flood risk | Rare 1156sqm lot share, low density, strong suburb This property’s competitive edge is its elevated top-floor position in a boutique complex, delivering unobstructed city and river views from every room—a rarity in Ascot’s tightly held market. The 82–112sqm layout, though modest, is efficiently configured with two generous bedrooms, open-plan living flowing to a balcony, and separate toilet, making it a strong entry point for owner-occupiers seeking a low-maintenance home in a premium postcode. The 1156sqm lot share and absence of flood or bushfire overlays reduce long-term holding risk, while the in-ground pool and single garage add lifestyle convenience. This unit best suits downsizers or professionals wanting proximity to the CBD (5km), Ascot State School, and Albion’s dining strip without the price tag of a house. The key risk is the 2020 sale at $380,000, which signals limited capital growth relative to the current estimated value of $810,000–$920,000—a steep jump that may not repeat quickly in a subdued market. Rental yield at $655/week is below 4%, so cash flow is not the play here. Opportunity lies in the top-floor scarcity and low-density complex, which supports price resilience over time. The lack of scheduled inspections and best-offers deadline create urgency but also risk overpaying without comparables. Hold this property for at least five years to recoup transaction costs; it is not suited for short-term flipping or high-yield investment.