51006/21 Mollison Street, West End QLD 4101

Premium two-bedroom in a sought-after West End building | Brisbane State High School catchment | strong owner-occupier complex | flood and heritage overlays flagged This property offers a rare combination of size and configuration for a premium two-bedroom apartment in West End—100 square metres of internal space with two bathrooms and an ensuite is competitively scarce in this market. The building’s 90% owner-occupier ratio signals stable, well-maintained common areas and a resident profile that supports capital preservation. For a buyer prioritising school catchment access, particularly Brisbane State High School, this unit positions strongly; the amenity set—ducted cooling, secure parking, pool and gym—aligns with what downsizers and professional couples expect at this price point. The asking price sits at the upper end of the estimated range, which is defensible given the floorplan and location, but leaves little margin for error. The flood and heritage overlays are the primary risks here, and they carry real cost implications for insurance premiums and future borrowing flexibility. Buyers should verify the building’s flood history at lot level and confirm whether heritage restrictions limit any balcony or facade modifications. Body corporate fees and the sinking fund balance need scrutiny, as large complexes with shared pools and gyms can carry special levies. The rental yield is moderate, which is typical for high-value inner-city apartments, so this property suits an owner-occupier more than a yield-focused investor. Hold it as a long-term home or a low-turnover rental in a catchment-constrained market, and accept that capital growth will track the suburb’s broader trajectory rather than outperform.