601/27 Commercial Road, Newstead QLD 4006

2 bed, 2 bath, 111m² flat | Newstead fringe, flood overlay present | Garage included, strong rental yield | FTTP, 5G, school catchment This unit represents a rare configuration in a high-demand inner-city pocket: a full 111m² of internal space with two genuine bathrooms and a secured garage, which positions it well above the typical compact apartment in Newstead. The fibre-to-premises connectivity and school catchment inclusion add practical live-work appeal for professional couples or downsizers. The current rental estimate of $985 per week supports a strong gross yield relative to the asking price, making this a viable hybrid of owner-occupier comfort and investor-grade income. The flood overlay is the primary risk, likely increasing insurance premiums and narrowing the buyer pool at resale. This cost must be quantified upfront and factored into any offer. The property is not listed on major portals like Domain, which may indicate a less aggressive sales campaign or a motivated vendor. For a buyer, this unit works best as a hold-and-rent strategy: secure it at or below the listed price, hold for medium-term capital growth driven by Newstead’s scarcity, and let the rental income offset the insurance burden.