2/85 Painswick Street, Berserker QLD 4701

Small courtyard | 68sqm land | 2-storey townhouse | No flood overlay | High depreciation likely post 2009 build The property presents an acceptable entry-level townhouse in Berserker but carries yield compression risks if purchased at the upper end of the estimated range. The 68sqm land component limits capital growth, and the 2009 build year means maximum depreciation benefits have passed for a new buyer. Ducted cooling and secure parking are standard inclusions rather than premiums. The property is judged suitable as a hold for rental income, not for short-term capital gain. The key competitive strength here is the relatively modern built form in a suburb where older stock dominates. That attracts a reliable tenant pool seeking low-maintenance living near schools and the city centre. The fully fenced courtyard and ensuite in a three-bedroom layout serve young families or professionals. This property best suits a buyer prioritising rental cash flow and depreciation schedule top-ups over land banking. The two recorded sales from 2024 and 2026 bracket the value band, offering clear confidence that pricing above the prior sale requires strong condition evidence. Buyers should verify recent comparable sales in the same complex to assess if the 2026 level reflects genuine market movement or an outlier. Only with that check should an offer be made.