1/29-31 Selborne Street, Mount Gravatt East QLD 4122
1/29-31 Selborne Street, Mount Gravatt East QLD 4122
2 bed, 2 bath, 1 car apartment | Boutique low-rise in quiet pocket | 113 m² strata allocation | Bushfire overlay noted | Strong owner-occupier appeal
This unit holds a genuine edge for its suburb: a larger-than-typical apartment layout with two full bathrooms and a single secure car space, positioned in a leafy, low-rise complex rather than a high-density block. The 113 m² lot allocation signals more generous indoor and outdoor living than most comparable stock, which tends to favour compact one-bedroom investor units. That makes it a natural fit for professional couples, small families, or downsizers who want the convenience of Mount Gravatt Central’s shops, transport, and schools without sacrificing space or a sense of quiet. The building’s mix of two- and three-bedroom layouts also supports broad resale appeal, as it attracts both owner-occupiers seeking permanence and investors chasing steady rental demand near Westfield Garden City and major bus corridors.
The bushfire overlay is the most material constraint, as it may influence insurance premiums and lender appetite for some buyers, though it does not appear to have suppressed recent turnover in the building. Value could also hinge on the unit’s exact floor level, aspect, and finish quality—items not confirmed here—since the complex shows a wide sale spread between units of similar size, suggesting presentation and outlook drive price more than configuration alone. The mid-2010s fitout standard seen in marketed units, including stainless appliances and split-system air conditioning, likely supports a premium over older stock, but a buyer should verify whether this specific unit carries those upgrades or needs refreshing. Rental yield signals around 4% are reasonable for the area, and the proximity to schools and medical services strengthens long-term demand, but the final price will depend on how this unit compares to its immediate neighbours in condition and light.
|| Comparable Sales: 14/29-31 Selborne St sold $825,000; 3/29-31 Selborne St sold $610,000 | Property Price Band: $700,000–$800,000 | Value Drivers: Layout size, presentation quality, floor level and outlook
Detailed Independent Property Report prepared by PropCred Analyst team for 1/29-31 Selborne Street, Mount Gravatt East QLD 4122
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Mount Gravatt East is a high-performing, professionally-dominated suburb within Brisbane’s strong south-eastern corridor. Demand is driven by owner-occupiers and investors attracted to its established family appeal and access to quality amenities, reflected in rapid sales and constrained supply. The market exhibits robust growth momentum, with houses and units showing significant annual appreciation. Future performance is underpinned by sustained regional migration and limited stock, though this very supply constraint and broader affordability pressures present key sensitivities to economic conditions.
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PropCred Estimated Value
Comparable Sales: 14/29-31 Selborne St sold $825,000; 3/29-31 Selborne St sold $610,000 | Property Price Band: $700,000–$800,000 | Value Drivers: Layout size, presentation quality, floor level and outlook
Bedrooms
3
Bathroom
2
Parking
1
Land
1215m²
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