4/32 Earl Street, Greenslopes QLD 4120
4/32 Earl Street, Greenslopes QLD 4120
Renovated dual-level townhouse | 2-bed 2-bath 1-car | Two private outdoor areas | 169m² generous footprint | Inner-south Brisbane convenience
This townhouse offers a genuinely rare combination in Greenslopes: a fully renovated, two-level layout with separate outdoor entertaining spaces on each floor, all within a compact 114m² site. The 169m² building area is substantial for a two-bedroom format, giving it a spacious feel that typical inner-city units lack. The dual-living potential makes it unusually flexible — it suits professionals wanting a home office on a separate level, downsizers seeking low-maintenance living without sacrificing space, or investors targeting the strong rental demand driven by proximity to the CBD and hospital precinct. The contemporary kitchen and quality finishes elevate it above older, dated stock in the suburb, and the light-filled interiors reinforce a modern, move-in-ready appeal that should attract owner-occupiers willing to pay a premium for condition.
The single car space may temper appeal for families or households with multiple vehicles, and the tight land parcel leaves little scope for extension or outdoor reconfiguration. The two-level design might not suit those with mobility constraints, though the separate entertaining areas add genuine lifestyle value. The property’s price will likely hinge on how buyers weigh the renovation quality against the modest land size and parking limitation. Given the suburb’s active market and the scarcity of fully updated townhouses with this layout, competition among downsizers and investors could push interest higher than standard units in the area. The dual-living angle may also attract extended-family buyers seeking separation without relocating.
|| Comparable Sales: 15 Earl Street townhouse yield 3.6% | 20 Earl Street house sold $2.5M (different class) | Property Price Band: $700K–$800K | Value Drivers: renovation condition, dual-level layout, two outdoor areas
Detailed Independent Property Report prepared by PropCred Analyst team for 4/32 Earl Street, Greenslopes QLD 4120
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Greenslopes, an established inner-south Brisbane suburb, draws demand from high-income professionals, with most households earning between $78k and $130k. House prices have softened sharply, with medians ranging from $1.35M (down 5.6%) to $1.44M (down 0.9%) depending on source; stock still turns quickly at 25 days. Units present a firmer picture: median $770k, growth around 6-7.7%, and gross yields near 4.0%, versus houses at roughly 2.8-2.9%. Rents for units sit around $600-610 per week, while houses range from $675 to $780. This divergence points to affordability pressure steering buyer demand toward higher-yielding units, with houses more exposed to rate sensitivity and stretched valuations, despite professional demographics and tight listing turnover limiting downside.
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PropCred Estimated Value
Comparable Sales: 15 Earl Street townhouse yield 3.6% | 20 Earl Street house sold $2.5M (different class) | Property Price Band: $700K–$800K | Value Drivers: renovation condition, dual-level layout, two outdoor areas
Bedrooms
2
Bathroom
2
Parking
1
Land
848m²
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