507/289 Grey Street South Bank QLD 4101

Recently listed 2-bed apartment|Auction March 28|Est value $1.3M|$1k pw rental yield|111m² floorplan in 2370m² lot. This two-bedroom apartment on a 111sqm internal floor area within a 2370sqm development lot suits inner-city professionals or couples prioritising school proximity and urban access. Its generous internal dimensions provide practical living space uncommon in similar South Brisbane units, supporting comfortable dual occupancy or home office setups without feeling constrained. Positioned on a key Grey Street corridor, it benefits from immediate adjacency to Brisbane State High School just 0.6km away, enhancing appeal for education-focused buyers in a competitive rental market yielding around $1000 weekly. Flood and heritage overlays introduce minor risk considerations, yet reliable NBN fibre and 5G coverage ensure modern connectivity that aligns with tenant demands. Comparable two-bedroom apartments in the immediate precinct have shown steady capital performance since the last sale cycle around 2015, buoyed by South Bank’s cultural precinct draw. Buyers drawn to this profile often include young professionals or downsizers valuing secure parking and balcony living over expansive land. Long-term holding value stems from the lot’s substantial scale relative to unit density, offering strata stability amid rising regional pressures. Market positioning favours patient investors eyeing auction outcomes for entry below the $1.3 million estimate.