22/10-14 Greenlanes Road, Ashgrove QLD 4060
22/10-14 Greenlanes Road, Ashgrove QLD 4060
2-bed gated townhouse | 172m² low-set villa | Ashgrove State School catchment | bushfire overlay | northerly courtyard
This compact townhouse is positioned within a gated complex of only 25 villas, a format rarely offered in Ashgrove’s detached-house market. A low-set layout is complemented by a private paved courtyard and a northerly aspect, and the kitchen and bathrooms have been recently refurbished. Dual-car parking and close proximity to Ashgrove State School and transport are seen as strong advantages for young professionals, downsizers and small families seeking an inner-west address without the upkeep of a full house. The 172m² footprint is considered modest by local standards, yet the secure, low-maintenance living it delivers is aligned with current buyer preference for lock-and-leave property.
A bushfire overlay may be considered an additional assessment trigger for future extensions, but it is not expected to affect normal occupation. The pre-2011 build is seen as suggesting common-area maintenance might be ongoing, and limited private land could be expected to temper value growth. Refurbished interiors and a secure format are expected to sustain strong owner-occupier interest.
>> Comparable Sales: 9/10-14 Greenlanes Road sold $521k ~7 years ago | Property Price Band: $1.0M-$1.1M | Value Drivers: refurbished interiors, secure gated setting, northerly courtyard
Detailed Independent Property Report prepared by PropCred Analyst team for 22/10-14 Greenlanes Road, Ashgrove QLD 4060
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Ashgrove, 5km northwest of Brisbane’s CBD, remains a supply-starved inner-west market. Demand is driven by professionals and young families attracted to top-tier schools, short commutes, and a tight rental market, with house yields near 2.8% and units at 3.5%. The median house price reached $1.92m, up 10.2% annually, with houses selling in 25 days. Units rose 14.2% to $842.5k, with an even faster 8-day turnover. Only 171 house sales in the past year underscore low stock. Future growth rests on infrastructure links and lifestyle appeal, but affordability and rate sensitivity are key risks, especially in less desirable pockets.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
158m²
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