508/12 Cunningham Street, Newstead QLD 4006

1 bed + multi-purpose room | River views | Car space included | Gasworks 50m | Move-in ready This unit’s strongest competitive edge is the separate multi-purpose room, which is rare for a one-bedroom apartment and effectively adds a study, small dining area, or guest nook without increasing the bedroom count. Combined with river views and a dedicated car space, the configuration sits well above entry-level one-bedroom stock in Newstead. The location 50 metres from Gasworks and Woolworths gives it a convenience advantage that tends to appeal strongly to owner-occupiers seeking walkable inner-city living, as well as investors targeting tenants who prioritise proximity to retail and the City Glider bus. The move-in ready presentation and mirrored built-in robes further reduce the friction for an immediate owner-occupier purchase. The sale price of $680,000 in May 2025 may reflect a premium for the flexible floorplan and outlook, but without confirmed floor level or aspect, it is difficult to isolate how much of that value comes from the view versus the internal layout. The building sits on a 1148 m² site, which is a reasonable size for a Newstead complex, but strata levies and common facilities remain unverified and could meaningfully affect holding costs. A buyer should weigh whether the multi-purpose room and river outlook justify any price gap over comparable one-bedroom units without those features, and whether the building’s age or strata health might introduce future special levies.