2/30 Tilley Street, Redcliffe QLD 4020
2/30 Tilley Street, Redcliffe QLD 4020
Compact modern townhouse | Rooftop terrace with outlook | Low-maintenance near hospital and foreshore | Strong rental appeal | Limited private land
This townhouse holds a clear competitive edge in Redcliffe’s current market. Its three-bedroom, two-bathroom layout with living and master on one level suits downsizers and professionals seeking convenience without stairs between key zones. The private rooftop terrace is a rare feature in this price range, offering outlook and breezes that most competing townhouses lack. Ducted air-conditioning and a contemporary fitout lift it above older stock, while the walkable position near the hospital, shops, and transport widens its buyer pool. It serves best as a low-maintenance permanent residence or a reliable rental property, given its configuration and location.
The value of this townhouse may be shaped by its compact footprint and shared-title nature, which typically limits land-driven appreciation compared to detached houses. The rooftop terrace and modern presentation may support a premium over older units, but the absence of confirmed build year or detailed finishes means condition should be verified. Rental demand near the hospital and foreshore may underpin income expectations, yet body corporate fees and any complex restrictions could affect net returns. Buyers should weigh the convenience and lifestyle appeal against the inherent constraints of attached living.
|| Comparable Sales: nearby 3-bed townhouse rented at $725 pw; similar complex units transacting in the $500K–$600K range | Property Price Band: $500K–$600K | Value Drivers: rooftop terrace, modern condition, low-maintenance layout, location proximity to hospital and amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 2/30 Tilley Street, Redcliffe QLD 4020
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Redcliffe’s residential market is consolidating as a coastal alternative to Brisbane, with houses at a median $950,000 after 15.2% annual growth and units at $776,250 after 15.0% growth. Demand is led by professionals aged 60-69 and underpinned by a $1,113 weekly household income, reflecting a mature, higher-income buyer base. Homes sell in 26 days, with gross rental yields of 3.5% for houses and 3.7% for units. Infrastructure investment, including a 210-bed hospital expansion and a $44 million police station upgrade, plus the Redcliffe Peninsula Line, supports the growth narrative. Risks: unit rent affordability ranks in the bottom 21% and mortgage stress sits in the top 10%, pointing to financing constraints and yield security concerns.
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PropCred Estimated Value
Comparable Sales: nearby 3-bed townhouse rented at $725 pw; similar complex units transacting in the $500K–$600K range | Property Price Band: $500K–$600K | Value Drivers: rooftop terrace, modern condition, low-maintenance layout, location proximity to hospital and amenities
Bedrooms
3
Bathroom
2
Parking
2
Land
196m²
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