17/9 Picot Street, Kelvin Grove QLD 4059
17/9 Picot Street, Kelvin Grove QLD 4059
Inner-city unit | 1976 low-rise | Kelvin Grove State College catchment | QUT proximity | strata with car space
This unit sits within an established low-rise complex that appeals strongly to owner-occupiers and investors alike. Its location in Kelvin Grove offers rare convenience—walkable to QUT, the CBD fringe, and Kelvin Grove Village retail and dining. The 1976 build is typical of the suburb’s older apartment stock, but the address family shows renovated examples with stone benchtops, quality appliances, and split-system air conditioning, suggesting this unit may offer similar upgraded finishes. The catchment for Kelvin Grove State College, a Prep-to-12 public school, adds consistent family demand. The single car space is a practical advantage in this inner-urban setting, and the strata format keeps maintenance responsibilities low. This unit best suits a buyer seeking a low-maintenance inner-city base with strong rental potential or a foothold in a sought-after school zone.
Value may be shaped by the unit’s exact floor level, aspect, and internal condition, as these factors differentiate older stock in the same complex. Renovated units with modern kitchens, fresh paint, and LED lighting command a premium, while original finishes might require a budget for updates. The bushfire overlay is a minor planning consideration but does not appear to materially affect livability. The 1976 construction age could mean future capital works levies, so the building’s sinking fund and recent maintenance history are worth reviewing. Rental demand is supported by QUT students, professionals, and school catchment families, which underpins yield stability. The unit’s presentation and any recent upgrades will likely be the strongest influence on its final price.
|| Comparable Sales: 11/9 Picot Street sold for $570,000 in Dec 2025 | Property Price Band: $550K–$650K | Value Drivers: internal condition, floor level, renovation quality, school catchment demand
Detailed Independent Property Report prepared by PropCred Analyst team for 17/9 Picot Street, Kelvin Grove QLD 4059
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Kelvin Grove demand is anchored by its inner-city convenience, QUT adjacency and the expectation that Brisbane 2032 precinct upgrades will keep buyers active even as the urban village retail strip still feels lower student foot traffic and safety chatter. Investors value the rental returns-units still yield around 4.7% while houses have tracked $1.5M medians with double-digit yearly gains-yet they should monitor the same student-driven retail volatility that can temper short-term cash flows. Median prices have climbed over the past six months, keeping Kelvin Grove competitive as limited stock meets steady buyer interest.
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PropCred Estimated Value
Comparable Sales: 11/9 Picot Street sold for $570,000 in Dec 2025 | Property Price Band: $550K–$650K | Value Drivers: internal condition, floor level, renovation quality, school catchment demand
Bedrooms
3
Bathroom
1
Parking
2
Land
113m²
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