5/15 Sir Fred Schonell Drive

St Lucia QLD 4067

A smart addition to any portfolio, this two-bedroom unit offers secure long-term income and strong rental growth potential in one of Brisbane's most tightly held rental markets.Positioned well back from Sir Fred Schonell Drive, the property enjoys an elevated, flood-free location with excellent natural light, breezes, and a leafy suburban outlook. While the interiors would benefit from a modern upgrade, the bones are solid-making this a low-maintenance investment today with clear renovation upside down the track.Currently leased to reliable tenants until the end of January 2027, the property currently rents for $495 per week, increasing to $520 per week in February 2026, providing stable, predictable cash flow with built-in rental growth already secured.St Lucia remains a favourite with both tenants and buyers, driven by its proximity to the University of Queensland, city-bound transport, and lifestyle amenity. Whether you are starting your investment portfolio or looking to add another to the collection this unit offers incredible upside at a price point where opportunities to enter the suburb's market have become exceptionally rare.