8/242-244 Marine Parade, Labrador QLD 4215

Flood overlay present | Oversized layout with conversion potential | Strong rental yield indicated | Secure boutique building near Broadwater The unit carries a flood overlay, which may increase insurance costs and affect future resale liquidity, particularly for risk-averse buyers. This is partially offset by the 2023 sale at $600k, suggesting the market has already priced in the location risk. The northeast aspect, enclosed sunroom, and two-bathroom layout are rare in a one-bedroom floorplan, offering conversion optionality that adds downside protection. For an owner-occupier or long-term holder, the property presents a viable entry into a coastal position with capital growth potential tied to Broadwater proximity. What makes this property competitively distinct is its oversized floor plan with a sunroom and two-bathroom configuration, effectively offering a de facto one-bedroom-plus-study with guest powder room—features typically found in larger apartments. The high owner-occupier ratio and long-term residency profile signal stable building management and limited rental churn, reducing counterparty risk for a buyer. This unit suits a downsizer seeking light-filled coastal living or an investor targeting the $745 weekly rental midpoint with a sub-4% gross yield, supported by above-median amenity. To confirm flood overlay specifics and strata costs before proceeding, a professional due diligence inspection is recommended.