Top-Floor Living with Views, Income & Future Potential

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302/497 Varley Street, Yorkeys Knob QLD 4878

Offers In The Mid $500,000s

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$500k - $525k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 2 Baths 1 Car 115 m²

Listed: 9 days ago

Overview

This top-floor unit at 302/497 Varley Street in the coastal suburb of Yorkeys Knob offers an excellent opportunity for investors or prospective owner occupiers. Its elevated position grants a south-west facing balcony with expansive views, enhancing the living experience with natural light and outlook.

Investors will appreciate the secure tenancy in place, offering a rental income of $530 per week until July 2027, with rental appraisals suggesting $550 to $580 weekly. This provides an immediate income stream and a low-risk investment option in a sought-after coastal location. For future owner occupiers, the arrangement allows the flexibility to plan their move while benefiting from rental income in the meantime.

The unit’s layout includes two bedrooms and two bathrooms, making it suitable for couples or small families seeking a comfortable and manageable residence. The single garage parking space adds convenience and security for vehicle owners.

The modest 115 square metre land allocation reflects the typical scale of unit ownership, minimizing maintenance responsibilities while offering a foothold in this desirable area. Its coastal positioning and lifestyle amenities appeal to those seeking a blend of accessibility and a relaxed environment.

Overall, this property balances immediate investment benefits with future residential potential, making it a versatile asset within a popular Queensland coastal community.

Local Market Insights

In Yorkeys Knob, Quiet Listings observed 7 new units entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $418,143. The property type mix of listed properties is predominantly Houses at 67%, followed by units (14%), and townhouses (14%). The most active agency for units in the Yorkeys Knob area is currently Ray White, representing 29% of new listings, followed by One Agency with 29%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.