1004/35 Hercules Street, Hamilton QLD 4007
1004/35 Hercules Street, Hamilton QLD 4007
10th-floor modern apartment | Alcyone Residences 2017 build | River precinct lifestyle | 1–2 bed compact format | Flood overlay flagged
The unit is positioned on the 10th floor of the Alcyone Residences tower, built in 2017, placing it in the newer end of Hamilton’s apartment stock. The building’s shared amenity, including pool, gym, and secure intercom, combined with contemporary kitchen and bathroom finishes, is considered well above the older apartment supply in the suburb. Proximity to Portside Wharf, dining, and the riverwalk is seen as a genuine lifestyle advantage. The property is best suited to professionals, downsizers, or investors seeking a low-maintenance inner-north base. Within the building, units are known to vary materially by floor, stack orientation, and parking, so the 10th-floor position is expected to offer a stronger outlook than lower-level equivalents.
A flood overlay has been flagged at the address level, which may affect insurance premiums and some buyer appetite. The unit’s value might also be influenced by whether it includes a secure car space, as same-building comparisons show a meaningful price gap between units with and without parking. Orientation and the view corridor may limit or enhance the outlook, and rental demand for well-presented units is strong, though lease-up times can vary when asking rents are aggressive. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1004/35 Hercules Street, Hamilton QLD 4007
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Hamilton, in Brisbane’s inner ring, is a premium market with a median house price of $1,715,000 and median unit price of $711,000. Demand is led by affluent buyers prioritising high-end homes and lifestyle amenities, with sustainability features gaining weight. House prices grew 4.7% over the year; units grew 9.38%. Houses average 26 days on market, with 92 sales. Gross yields are 2.31% for houses and 4.56% for units, supported by weekly rents of $748 and $700. Queensland’s population growth and infrastructure investment underpin future demand, alongside renovation activity in older stock. The key constraint is rate sensitivity, leaving values exposed to interest rate increases and economic downturns.
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PropCred Estimated Value
Comparable Sales: 609/35 Hercules St 1/1/1 sold $611.5k; 1215/35 Hercules St 1/1/0 sold $508k | Property Price Band: $500K–$600K | Value Drivers: floor level, view corridor, parking
Bedrooms
2
Bathroom
2
Parking
1
Land
622m²
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