5/42 Bott Street, Ashgrove QLD 4060

2-bedroom unit in Ashgrove | 1965 walk-up on 791sqm lot | 85% rental building | bushfire buffer overlay present This unit offers a rare configuration advantage: a 62sqm flat on a large 791sqm lot in a building where 85% of owners are renters, not occupiers. That skew suppresses owner-occupier demand and keeps entry pricing below comparable low-density stock. For a buyer seeking a foothold in Ashgrove with solid rental yield,5.5% on conservative numbers,this property competes on income return rather than finish or exclusivity. It suits an investor prioritising cash flow over capital growth in a tight market, or a first-home buyer willing to trade prestige for affordability in a well-located suburb. The bushfire hazard buffer overlay is the material risk; it may affect insurance premiums and future resale appeal to cautious buyers. The 1965 build and 62sqm floorplate limit renovation upside, and the high rental concentration means less owner-driven maintenance pressure on the body corporate. The opportunity lies in holding for steady rental income, not flipping. Use this property as a long-term yield hold, not a value-add play.