18/190 Ewing Road, Woodridge QLD 4114

Townhouse on 1.48 acres | Strata unit with land scale | Near schools & childcare | No flood/bushfire overlay This property presents a rare configuration: a two-bedroom townhouse on a 1.48-acre strata parcel. The substantial land component within a strata scheme is atypical and offers a unique value proposition, primarily serving an owner-occupier or investor seeking land-backed security in a convenient suburban location close to schools and daycares. Its modern conveniences like air conditioning and a fully fenced courtyard support comfortable living, while the absence of natural hazard overlays removes a significant area of risk. The decision hinges on the strata scheme’s management of the extensive communal land and the premium asked versus recent sales. The listing price appears ambitious compared to the recent sale of a comparable unit in the same complex. This gap represents a direct negotiation risk. The property is best held as a long-term residential holding, where the land component may appreciate. For a precise valuation and to scrutinise strata health and locality risks, a PropCred report is essential. A unit at 19/190 Ewing Road sold for $430,000 in August 2024. The same unit, 18/190-192 Ewing Road, sold for $160,000 in July 2019. The 2019-2024 increase reflects market growth, but the $170,000 gap between the recent comparable sale and the current $600,000 listing requires clear justification. This disparity must be challenged during negotiation.