5/136 Nellie Street, Nundah QLD 4012
5/136 Nellie Street, Nundah QLD 4012
2-bed villa with double garage|single-level ground-floor|owner-occupier pocket near Nundah village|fast turnover|flood overlay
This property is positioned as a rare single-level two-bedroom villa with two secure parking spaces, a configuration undersupplied in an inner-north market dominated by multi-level townhouses. The ground-floor layout suits downsizers and professional couples seeking low-maintenance living. Its small boutique complex offers a quiet, owner-occupied character, while proximity to Nundah Village, rail, and good school catchments strengthens appeal. The double garage is a functional edge over typical two-bedroom units. Best suited to buyers prioritising convenience, simplicity, and strong rental fallback.
Buyer confidence may be affected by the lack of a confirmed build year, and a possible flood overlay on the street could weigh on insurance and financing. The property’s value might be supported by its scarce single-level format and double parking, but a premium may be limited by the absence of high-end finishes. Market sentiment is strong, with quick turnover, yet the price band will depend on how condition is compared with similar low-maintenance villas.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/136 Nellie Street, Nundah QLD 4012
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Nundah, a northside Brisbane market, is being driven by an undersupply of both houses and units. House medians range from $1.234m (Q3 2025, 7.3% annual growth) to $1.5m (25% growth), while units sit between $725,000 and $745,000, growing 19.7-21.7%. The market is tight: houses average 20 days on market, with 2-3 bedroom homes clearing in 10-14 days, and vacancy is 0.7%. Gross yields are 2.7-3.12% for houses and 4.0-4.29% for units, reflecting rental demand. A constrained supply of new standalone houses and $180.8m of projects commencing 2025-2026 underpin the outlook. The key constraint is rate sensitivity: sales volumes fell 22.6% for houses and 37.0% for units between Q3 2024 and Q3 2025, even as prices held.
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PropCred Estimated Value
Comparable Sales: 2-bed villas in Nundah, sold $875,000 and $910,000 | Property Price Band: $900K–$1M | Value Drivers: condition, layout, double garage
Bedrooms
2
Bathroom
1
Parking
1
Land
2432m²
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