6/23 Roberts Street, South Gladstone QLD 4680

3-bed townhouse | 102m² internal | $4,508/yr body corp | rental yield ~5.1% | narrow lot constraints The property’s core risk is the body corporate cost of $4,508 annually, which at a $440,000 value represents over 1% of capital and directly compresses net rental yield to roughly 3.8% after all holding costs. This fixed cost will be more restrictive on resale in a softer market, particularly for investors seeking positive cash flow. The opportunity is a well-maintained complex and a layout that suits an owner-occupier or tenant preferring single-level living downstairs. This townhouse should be held as a long-term home or rental, not flipped, given the carrying costs and 14-year hold history without capital gain. The competitive edge is the tenancy-friendly split-level layout with two bedrooms and full bathroom on ground floor, master ensuite upstairs, plus internal laundry and garage storage. These features reduce vacancy risk and appeal to professionals or small families in the Gladstone market, where quality townhouses under 140m² land are scarce. This property best serves a buyer seeking stable rental income with modest capital appreciation potential in a regional port city. To validate the purchase, instruct a body corporate records search and obtain three recent comparable sales for units in the same complex to confirm the estimated $440,000 value.