122 Alexandra Road, Clayfield QLD 4011

Historical façade / reworked core | floor area inconsistent by source | yield below suburb median | lake of heritage overlay may shift premium | pool on 399sqm tightens usable yard This property trades on a luxury-renovation story, but the floor area discrepancy of 317 to 419 square metres signals measurement risk that can compress per-square-metre resale value by 5 to 10 percent if the lower figure is correct. The pool consumes roughly 25 square metres of a 399-square-metre lot, reducing rear yard utility, and the 4.84 percent gross yield is below the Clayfield median, meaning income-focused buyers overpay. Hold for capital growth driven by the 1925-1930 architectural shell in a low-supply prestige corner position, but do not rely on rental cover. The 70-square-metre master suite and dual-living potential from the lower-level flexible space are rare in Clayfield’s pre-war stock, giving the buyer bargaining power against other period homes without modern reconfigurations. The property serves best a family or owner-occupier who values a single-level or semi-separate guest wing and wants walk-in condition without further capital spend. Next steps require a building inspection to confirm floor area and check pool compliance, then a comparison with two specific sold comparables in the same SP282063 lot group to anchor your bid range. Comparable sales indicate the October 2023 private treaty price of 2.65 million established a base line; given the renovation and market shift since, typical uplift sits between 15 and 20 percent, supporting a disciplined ceiling below 3.2 million.