26/228 Vulture Street, South Brisbane QLD 4101
26/228 Vulture Street, South Brisbane QLD 4101
This two-bedroom, one-bathroom unit offers 104 square metres of internal space with two secure car spaces, a configuration that is notably generous for an apartment in South Brisbane. The building sits on a shared 1866-square-metre lot, and the property last transacted in 2001. Floor level and aspect are not specified, but the available floor plans and photos would clarify these.
The unit’s competitive strength lies in its unusual size for a two-bedroom apartment in this suburb – 104 square metres is well above the typical footprint for the area – combined with a rare second car space. This pairing makes it a practical option for buyers who need genuine storage or two vehicles, such as a small family, a professional couple with separate cars, or someone who values interior space over a compact layout. The proximity to the Queensland Children’s Hospital and its associated school adds a specific demand layer from healthcare workers or families requiring that catchment. In a market where most two-bedroom apartments trade with one car and tighter floorplans, this unit occupies a different, more liveable segment of the South Brisbane market.
Several factors may influence how the property is valued. The age of the complex – evidenced by the 2001 transaction – suggests that finishes and common-area condition could vary widely, and any deferred maintenance might affect the purchase price. The shared lot arrangement of 1866 square metres may bring body corporate fees that are higher than those for a smaller complex, and that cost should be weighed against the benefit of the larger internal space and dual parking. Given that the floor level is unknown, units on lower levels may face more street noise or reduced outlook, which could temper demand relative to higher floors. These considerations should be explored during a physical inspection and a review of the body corporate records.
Detailed Independent Property Report prepared by PropCred Analyst team for 26/228 Vulture Street, South Brisbane QLD 4101
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
South Brisbane is a tightly held inner-city suburb where demand is driven by professionals and investors drawn to its connectivity and urban lifestyle. The market is characterised by strong competition for limited housing stock, with recent price growth reflecting this sustained pressure. Future growth is underpinned by its proximity to major employment hubs and a robust rental market, though affordability constraints and sensitivity to interest rates present ongoing challenges for buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
1866m²
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