5/341 Alfred Street, Mackay QLD 4740

Central Mackay unit | flood overlay | 2 bed with balcony & courtyard | fibre NBN & 5G coverage This unit presents a compact, low-maintenance entry into a central Mackay location, competitively priced below its estimated market value. Its prime strength is the combination of a smaller land footprint, which limits holding costs, with modern inclusions like floorboards, air conditioning, and a dishwasher, catering specifically to the budget-conscious investor or first-home buyer seeking a turnkey solution. The confirmed school catchments and superior connectivity infrastructure support consistent rental appeal from small households or professionals. The defining constraint is the identified flood overlay, a tangible risk that necessitates specialised insurance and may impact long-term capital growth. The modest carport and lack of recent comparable sales in the complex demand further due diligence, including a strata report. For a buyer, the commercial logic rests on securing the unit at or below the listed price to buffer against the flood risk, targeting the reliable rental demand in this price bracket. This property is judged a hold for yield, not land banking, suited to an investor prioritising immediate cash flow over speculative gain.