182 Appel Street, Graceville QLD 4075
182 Appel Street, Graceville QLD 4075
1925 character home | 5 bed 5 bath dual studios | 498m² corner block | pool and solar | Graceville inner-west
This property stands apart from typical Graceville stock through its rare combination of a substantial character home and two self-contained studios, effectively offering three income or living zones on a single title. The corner position adds privacy and street presence, while the pool and solar panels improve everyday liveability and reduce ongoing costs. Built in 1925, the house delivers the period charm buyers seek in this suburb, but the layout is far more versatile than a standard family home, making it ideal for multi-generational households or buyers who want rental offset without sacrificing the main residence. Its position near the Honour Avenue and Oxley Road precincts, with rail access and amenity density, reinforces strong demand from families and investors alike.
The dual-studio configuration may narrow the buyer pool compared with a conventional Queenslander, as not every purchaser wants rental management or separate tenancies. The building area discrepancy between sources suggests potential differences in measurement or inclusion of ancillary spaces, which may affect how the property is compared against others. The 1925 build may require ongoing maintenance typical of older homes, and the corner site, while advantageous, may carry slightly higher exposure to street noise. Buyers should weigh the income potential against the complexity of managing multiple tenancies, and confirm the actual usable floor area during inspection.
|| Comparable Sales: 180 Appel Street sold June 2025 for $1.81M | Property Price Band: $1.8M–$1.9M | Value Drivers: dual-income layout, corner position, character build quality
Detailed Independent Property Report prepared by PropCred Analyst team for 182 Appel Street, Graceville QLD 4075
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Graceville is a tightly held, family-oriented Brisbane suburb with a median house price around $1.4 million and annual capital growth of just 0.2–0.4% over recent periods. Demand is driven by affluent professionals aged 40–49, with a high household income and a strong skew towards couples with children; 80% of households are families and 58% are couples with children. This cohort favours established housing, evidenced by 53% of owners holding a mortgage and recent sales including a $2.1 million five-bedroom home. Market conditions are stable but subdued, with roughly 100 house sales per year, median days on market between 25 and 46, and gross rental yields near 3%. Over the past 12 months, the median house price per some sources is $1.29 million, implying modest momentum. Future growth is constrained by affordability pressures and low stock turnover—only 10 properties were listed for sale in the latest month. Supply is limited, but demand from professional families remains consistent, keeping the suburb resilient yet unlikely to deliver rapid capital gains. The unit market is too thin to assess, with fewer than five sales recorded.
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PropCred Estimated Value
Comparable Sales: 180 Appel Street sold June 2025 for $1.81M | Property Price Band: $1.8M–$1.9M | Value Drivers: dual-income layout, corner position, character build quality
Bedrooms
5
Bathroom
5
Parking
2
Land
498m²
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