2/191 Gladstone Road, Highgate Hill QLD 4101
2/191 Gladstone Road, Highgate Hill QLD 4101
2-bed flat apartment | 101m² lot | flood overlay applies | 1 car space | same-building sales to $688.5k
This unit holds a genuine edge in Highgate Hill’s apartment market: the 101m² lot is unusually generous for a 2-bed flat, giving it a land-heavy profile that most comparable stock lacks. The building’s low-rise, older character suits buyers wanting inner-city convenience without high-rise density, and the location places you minutes from the CBD, South Bank, UQ, and major hospitals—making it a strong fit for professional couples, medical or education workers, and investors chasing long-term rental demand. The estimated rent of $560 per week supports a reasonable yield for the area, and the same-building sales history shows consistent buyer appetite for this configuration.
The flood overlay is the primary factor to weigh; it may affect insurance costs and could limit future renovation scope, though it does not necessarily undermine current liveability. Older apartment stock often carries variable internal condition, so the actual finishes and floor level may materially influence how this unit compares to recently sold neighbours. Parking is limited to one space, which might narrow appeal for households with two cars, while the absence of premium outdoor space or modern amenities could cap upside relative to renovated alternatives. Buyers should inspect the unit’s condition and floor position closely before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/191 Gladstone Road, Highgate Hill QLD 4101
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Highgate Hill demand is fuelled by inner-city connectivity, riverfront lifestyle and a strong mix of professionals so release of well-positioned apartments and renovated houses stays limited and stock stays tight. Buyers target proximity to West End and universities, knowing refreshed apartments deliver rental appeal even as yields remain modest, so most investors lean on capital growth rather than cash flow. Risks include affordability ceilings, credit tightening and rate sensitivity, but constrained supply and steady rental pressure keep the median price running higher over the past six months.
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PropCred Estimated Value
Comparable Sales: 7/191 Gladstone Road sold $688,500; 4/191 Gladstone Road sold $685,000 | Property Price Band: $650K–$750K | Value Drivers: lot size, internal condition, floor level, flood overlay impact
Bedrooms
2
Bathroom
1
Parking
1
Land
101m²
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