2/18 Wellington Street, Petrie Terrace QLD 4000
2/18 Wellington Street, Petrie Terrace QLD 4000
2 bed 1 bath 1 car | 1960s low-rise with pool | walkable to cafe precinct | entry-level inner-city buy
This unit sits within a small 10-property complex from the mid-1960s, a period that produced much of Petrie Terrace’s established apartment stock. The presence of a shared pool and secure garage is a stronger amenity package than many comparable units of this era, which often lack both. The 2-bed, 1-bath, 1-car configuration is a standard inner-Brisbane format, but the combination of parking, communal pool, and proximity to the restaurant and cafe precinct gives this property above-basic rental appeal. It is best suited to first-home buyers, downsizers, or investors targeting city workers and small households who value convenience over space or premium finishes.
The building’s age may affect long-term maintenance expectations, and the lack of confirmed renovation or internal finish details means the property’s condition could vary significantly from other units in the complex. The 1965 build date also suggests older construction standards, which might influence thermal performance or strata levies. While the pool and parking add appeal, these features are shared or limited, so they may not command the same premium as newer buildings with private amenity. A buyer should weigh the trade-off between location advantage and the property’s established character when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/18 Wellington Street, Petrie Terrace QLD 4000
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Petrie Terrace is positioned as an inner-city suburb with excellent transport links, attracting a younger professional demographic. Demand is driven by its proximity to the CBD and investor interest in the rental market, particularly for units. Recent price growth has been modest, with market conditions characterised by tight supply and low sales volumes. Future growth is underpinned by its central location, though high prices present an affordability constraint and limited stock may temper activity.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
705m²
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