17/89 Thorn Street Kangaroo Point QLD 4169

2 bed unit in 1980s complex |105m² internal |Est $803k value |Steady 3.3% pa growth|This two-bedroom unit with 105m² of internal space and a single car space suits downsizers or professionals seeking low-maintenance living near the CBD. Built in 1984 as part of a larger strata on a 3255m² lot it delivers practical apartment living with air conditioning an in-ground pool and reliable NBN plus 5G coverage. Within its Thorn Street block it aligns with similar two-bedroom units where peers like unit 15 sold for $725k after nine years holding at 3.19% annual growth and unit 25 a three-bed fetched $715k. This positions it mid-range for the complex appealing to investors eyeing $725 weekly rents or owner-occupiers valuing school catchments at East Brisbane State and Coorparoo Secondary. Last sold around $600k it tracks local unit trends with steady appreciation driven by Kangaroo Points inner-city draw rather than flashy turnover. Buyers here tend to be long-term holders with 17% of the building over ten years tenure reflecting stable demand over speculation. No overlays for flood bushfire or heritage simplify ownership while its size offers functional space without excess upkeep. Long-term the propertys modest scale and proven growth underpin holding value especially as CBD proximity sustains rental yields for those not flipping quickly. Comparable sales nearby confirm its $720k-890k value band behaving reliably in a market favoring established stock.