5/57 Victoria Street, Balmoral QLD 4171
5/57 Victoria Street, Balmoral QLD 4171
Compact 2-bed apartment | 290m² lot with 114m² building | Balmoral’s tighter boutique format | Strong school catchment | Low-yield premium suburb
This apartment stands out because it combines a genuinely compact footprint with a substantial 290m² land holding—rare for a flat in an inner-east suburb where detached houses dominate the market. The configuration suits a buyer seeking lower-maintenance living without sacrificing a private outdoor space, and the location within Morningside State School and Balmoral State High School catchments adds practical family appeal. It serves best an owner-occupier—likely a downsizer or professional couple—who values established amenity, river proximity, and a quieter street over the prestige of a full house. The absence of flood or bushfire overlays is a quiet strength, given the area’s river-adjacent character.
Value may be shaped by the apartment’s internal presentation, which remains unconfirmed, and the lack of clarity around floor level or aspect could temper buyer enthusiasm if the unit faces a less favourable direction. The modest 114m² building area, while efficient, might limit appeal for those expecting generous living spaces. Rental demand appears steady, but the implied yield near 3% reflects Balmoral’s capital-growth focus rather than income return, so an investor should weigh long-term appreciation against modest cash flow. The upcoming Bulimba Barracks precinct could lift local desirability, though its direct impact here remains speculative.
|| Comparable Sales: 151 Fifth Avenue sold as a premium 5-bed house; 64 Victoria Street listed around $1.95M | Property Price Band: $900K–$1.0M | Value Drivers: land size relative to unit format, school catchment, no overlay risk
Detailed Independent Property Report prepared by PropCred Analyst team for 5/57 Victoria Street, Balmoral QLD 4171
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Balmoral is a compact, family-oriented suburb where demand is anchored by families, 25% of residents under 18 and mortgaged owners in detached houses. House prices sit between $1.83m and $1.99m; units range from $875k to $1.0m. Annual growth readings diverge sharply: houses range from -2.1% to +8.1%, units from -1.1% to +21.3%. That mixed picture extends to turnover, with houses selling in 27-33 days on 63-70 annual sales and 45 units transacted. Weekly rents are $795-810 for houses and $645-650 for units, delivering gross yields of 2.77% and 3.74% respectively. Standard suburban connectivity via Dilkera, Taylor and Bunowang streets supports activity, and recent sales on Wentworth Parade, Belgrave and Grosvenor streets confirm ongoing churn. The main constraints are affordability at current entry points, rate sensitivity, and divergent price data indicating shallow, low-volume market conditions.
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PropCred Estimated Value
Comparable Sales: 151 Fifth Avenue sold as a premium 5-bed house; 64 Victoria Street listed around $1.95M | Property Price Band: $900K–$1.0M | Value Drivers: land size relative to unit format, school catchment, no overlay risk
Bedrooms
2
Bathroom
1
Parking
1
Land
290m²
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