12/64 Tenby Street, Mount Gravatt QLD 4122
12/64 Tenby Street, Mount Gravatt QLD 4122
2-2-1 secure park | Boutique build near Mount Gravatt Central | Strong complex turnover | Bushfire overlay flagged | Suits owner-occupiers and investors
The apartment delivers a practical two-bedroom, two-bathroom layout with secure parking, which is a workable balance of space and low maintenance. Its position in a well-serviced Mount Gravatt pocket means everyday errands, transit, and retail are within easy reach, giving it genuine convenience appeal. This type of property is best suited to first home buyers, young couples, and downsizers wanting a lock-and-leave base without suburban upkeep. The complex itself has shown active resale movement, indicating steady interest from buyers who value central living.
Value may be influenced by the unit’s specific aspect, floor level, and internal condition, as these details vary between units in the same building. The bushfire overlay might also affect insurance premiums or lender appetite, though it does not appear to have hindered recent transactions. Buyer demand in this pocket appears consistent, but the final price could hinge on how the apartment presents relative to others in the complex, particularly around light, outlook, and finish quality.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/64 Tenby Street, Mount Gravatt QLD 4122
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Mount Gravatt, a mid-sized Queensland suburb with a 20–39 average age, has a tight house market. Annual growth of 20.8–30.0% pushed house medians to $1.30–$1.42M; units remain subdued at $689K (1.32% growth). Strong owner-occupier demand is visible in 42–49 house sales, with 3-bedroom homes at $1.2625M and 4-bedroom at $1.7M, and 16–28 days on market. Rental yields are 3.03% for houses and 4.49% for units, with weekly rents of $675–$700 and $640 respectively. Future growth depends on limited rental supply (15 listings) and infrastructure-linked activity; the major constraint is affordability after sustained double-digit price gains.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 22/64 Tenby Street sold for $680,000; 1/64 Tenby Street sold for $680,000 | Listed Price Band: $650,000–$750,000 | Value Indicator: condition, aspect, layout
Bedrooms
2
Bathroom
2
Parking
1
Land
1196m²
URL has been copied successfully!