5/140 Noosa Parade, Noosaville QLD 4566

2 bed/2 bath Noosa Parade unit | Below suburb median size | Walk to high school | Older build, strata title This unit’s competitive strength lies in its efficient two-bedroom, two-bathroom configuration on Noosa Parade, a format consistently demanded in Noosaville. Its position within the catchment for Sunshine Beach State High School, just 3.1km away, provides a durable locational advantage for a specific buyer segment, typically owner-occupiers or investors targeting families. The pricing sits just above the suburb’s unit median, suggesting a premium for its parade address and functional layout, which aligns with the most common and liquid apartment profile in the area. The primary risk is the compressed yield of 3.4% against the listing price, indicating rental income will not substantially offset holding costs. The 84m² floor area is below some newer stock, and the strata structure on a large 1460m² lot necessitates scrutiny of capital works plans and fees. The substantial appreciation since 2002 is already priced in. This property is best held as a long-term positional play on its location, not for immediate yield or short-term value add. Proceed only if the strata due diligence is clear and the price aligns with recent, verified sales of directly comparable units.