2/9 Jerdanefield Road St Lucia QLD 4067

Ground-floor boutique apartment | St Lucia catchment | Flood overlay present | 2-bed two-bath configuration | Comparable recent sale at $876,500. This property offers a rare ground-floor position in a boutique St Lucia complex, which typically commands a premium for direct garden access and ease of living. The 519m² lot is unusually generous for a unit, implying potential for landscaping or future subdivision interest, though zoning constraints apply. The recent sale of an identical unit in the same building at $876,500 provides a strong recent benchmark, suggesting the current price guide sits at a 3–14% premium. This unit best suits owner-occupiers seeking a low-maintenance home in the Ironside-Indooroopilly school catchment, or investors targeting stable renter demand from professionals and families who value proximity to the University of Queensland and city bus routes. The flood overlay is the primary risk, as it may affect insurance premiums and resale liquidity in a soft market. Buyers should obtain a flood level certificate and factor in higher holding costs. The 2001 purchase price of $125,000 highlights long-term capital growth, but the 2025 comparable sale shows price stagnation relative to broader Brisbane growth, likely due to flood risk and aging building stock. The property is best held as a long-term owner-occupied home or a steady rental income generator, not a short-term flip.