7/21 Manson Parade, Yeronga QLD 4104

Flood overlay detected | unit market overvalued on yield | internal space 131sqm good for downsizer | leaseback to Nov 2026 locks immediate income. This property carries a material flood risk that compresses future capital growth compared to unaffected comparables in Yeronga. The current asking of $895,000 sits notably above the suburb median for units, yet the leaseback at $675 per week yields only 3.9% gross—underperforming typical investor expectations for a secondary market position. For an owner-occupier downsizer, the north-facing layout and 131sqm of internal space are a logical trade-off for the flood overlay, but for an investor, the low yield and constrained appreciation path make this a hold-only proposition. The double basement parking, pet-friendly designation, and stone-and-Bosch fitout make this townhouse competitively uncommon in Yeronga’s unit stock. These features, combined with the immediate lease income through November 2026, suit a buyer seeking a turnkey residence with minimal post-settlement management. The property serves best a self-funded retiree or professional couple who value low-maintenance living in a central corridor and are willing to accept the flood risk in exchange for near-new finishes and a north aspect. The August 2016 sale at $500,000 implies a 79% gross uplift over nine years, but the current listing indicates the market now prices in limited further short-term gains. A buyer’s next step is to obtain a formal flood level certificate and compare this property to unencumbered Yeronga units trading near $750,000 to quantify the risk premium embedded in this price.