1/87 Springwood Road, Springwood QLD 4127
1/87 Springwood Road, Springwood QLD 4127
3-bed townhouse | 106–111m² floorplan | single-car layout | established low-rise complex | school-catchment demand
This townhouse holds a clear competitive position within Springwood’s established housing market. Its 3-bedroom, 1-bathroom configuration with a single car space suits first-home buyers, downsizers, and investors seeking low-maintenance living without sacrificing floor space. The 106–111m² internal area is generous for a townhouse, offering more room than typical apartment stock while retaining the convenience of strata living. Its location within the Springwood Road State School and Springwood State High School catchments adds consistent family demand, and the early-1990s construction suggests a solid, established building rather than dated or premium stock. The complex’s larger parent parcel and low-rise format contribute to a quieter, more residential feel compared to higher-density alternatives nearby.
Value may be influenced by the property’s internal condition and any updates completed since original construction, as the complex appears to hold standard mid-market finishes rather than renovated product. The single bathroom and single car space may limit appeal for larger families or dual-income households, potentially narrowing the buyer pool. The 1990 build age could require ongoing maintenance consideration, though no flood, bushfire, or heritage overlays have been identified for comparable units in the complex. Rental demand appears steady, with recent lettings around $540–$580 per week, supporting investor interest, though yields sit in the mid-4% range, which is reasonable but not exceptional for the suburb.
|| Comparable Sales: 24/87 Springwood Road sold $647,000; 16/87 Springwood Road sold $585,000 | Property Price Band: $580,000–$680,000 | Value Drivers: internal condition, floorplan usability, complex presentation and landscaping
Detailed Independent Property Report prepared by PropCred Analyst team for 1/87 Springwood Road, Springwood QLD 4127
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Springwood’s positioning rests on strong connectivity and ongoing infrastructure, with a local buyer base dominated by professionals aged 30–39 plus couples with children; households over 55 also form a meaningful share. Demand is underpinned by this demographic mix and a rental market showing house rents up 9.2% to $650 weekly. House values sit at a median of $1,027,000 with annual growth reported between 8.0% and 13.0%, while units have risen 12.4% to 15.1% to a median near $635,000. Stock turns in roughly 36–42 days, and gross yields are 3.6% for houses and 4.2% for units. Future drivers include further connectivity improvements, but risks remain: household income sits 6.1% below Greater Brisbane, and annual sales volumes fluctuate between 44 and 123 houses, pointing to supply variability.
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PropCred Estimated Value
Comparable Sales: 24/87 Springwood Road sold $647,000; 16/87 Springwood Road sold $585,000 | Property Price Band: $580,000–$680,000 | Value Drivers: internal condition, floorplan usability, complex presentation and landscaping
Bedrooms
3
Bathroom
1
Parking
1
Land
170m²
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