1/11 Mitchell Street, Kedron QLD 4031
1/11 Mitchell Street, Kedron QLD 4031
Renovated 2-bed unit in boutique six-pack | Kedron State High catchment | Flood overlay noted | Strong rental yield potential | Compact 99m² layout
This unit stands out for its complete renovation in a boutique complex of only six, offering a turnkey finish that is rare in Kedron’s predominantly older housing stock. The new kitchen with Caesarstone benchtops, premium appliances, and split-system air conditioning means no immediate maintenance or upgrade costs, which appeals directly to first-home buyers, downsizers, and investors seeking a low-maintenance entry into a well-located inner-north suburb. Its 99m² footprint is practical for a couple or small family, and the quiet street position with balcony access adds a layer of privacy that enhances everyday liveability. As a unit, it provides a more affordable alternative to Kedron’s detached houses while still delivering proximity to shops, cafes, medical centres, and transport links, making it a strong choice for those prioritising convenience and condition over land.
The flood overlay detected on the broader site may influence insurance costs and buyer perception, though the unit’s elevated position within a small complex could mitigate practical risk. The 1999 construction date suggests the original structure is now over two decades old, meaning future buyers might need to consider strata levies for common-area upkeep, even if the interior is fully updated. The rental estimate of $750 per week indicates solid income potential, but the variance between valuation models suggests market rent could fluctuate depending on demand. Kedron’s unit market is thinner than its house market, so resale may take slightly longer in a slower cycle, though the renovated condition and school catchment should maintain buyer interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/11 Mitchell Street, Kedron QLD 4031
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Kedron, a northern suburb within easy reach of the Brisbane CBD, is drawing professional buyers aged 30–39, most of whom hold bachelor degrees and work in professional occupations. House price data varies by source, but the median sits between $1.18 million and $1.5 million, with annual growth reported at 6.3% to 15.4%. Units are more affordable at $512,252, with 8.9% growth. Houses move quickly, averaging 29 days on market, and annual sales volume of roughly 126–137 dwellings confirms steady turnover. Proximity to the CBD and accessibility underpin future demand, while the tight, high-value house market poses affordability constraints and a thin gross rental yield near 1.3% for houses.
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PropCred Estimated Value
Comparable Sales: 1/11 Mitchell St sold Jan 2023 for $405k; 11 Mitchell St profile shows $355k marker | Property Price Band: $400k–$500k | Value Drivers: Renovated condition, school catchment, boutique complex appeal
Bedrooms
2
Bathroom
2
Parking
1
Land
206m²
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