2/276 Alderley Street, Centenary Heights QLD 4350
2/276 Alderley Street, Centenary Heights QLD 4350
Modern low-maintenance townhouse | 2016 build | three beds upstairs | study and powder room downstairs | strong rental appeal
This townhouse competes on condition and convenience rather than land. Built in 2016, it offers a genuinely contemporary layout with all three bedrooms upstairs, a separate study on the ground floor, and a covered outdoor area that extends the living space without adding upkeep. The double garage with internal access is a practical edge for families or professionals who value security and ease. In a suburb where much of the housing stock is older detached homes on larger blocks, this property stands out for its freshness and move-in readiness, particularly with new carpet throughout. It serves best a buyer seeking low-maintenance living close to the CBD, schools, and shops—likely a downsizer, a professional couple, or an investor targeting steady rental demand.
The property’s value may be shaped by its compact footprint relative to nearby houses, as townhouse buyers typically prioritise location and condition over space. The 173 sqm size suggests efficient use rather than generous proportions, which might limit appeal for those wanting a large yard or extensive entertaining areas. The absence of confirmed air-conditioning or premium finishes could also influence perceived value, though the modern kitchen and fresh carpet offset some of that. Buyers should weigh the benefit of newer construction against the trade-off of less outdoor space, and consider how the complex’s management fees might affect ongoing costs.
|| Comparable Sales: a nearby 3-bed duplex unit rented at $550/week, and a 3-bed house on 698 sqm sold for $704,900 | Property Price Band: $500,000–$600,000 | Value Drivers: modern build quality, low-maintenance layout, and proximity to schools and CBD
Detailed Independent Property Report prepared by PropCred Analyst team for 2/276 Alderley Street, Centenary Heights QLD 4350
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Centenary Heights, a Toowoomba suburb, is a mature market where demand is driven by older residents and childless couples. House prices have grown 14.15% annually to a median of $742,000, with units up 15.79% to $619,500. The market is tight—houses sell in a median nine days—supported by 119 house and 26 unit sales over the past year. Rental demand remains firm, with gross yields of 3.98% for houses and 3.63% for units, and median weekly rents of $575 and $480. Future growth drivers are limited by the absence of major infrastructure pipelines and a moderate sales turnover. The key risk is affordability: the median house price is high relative to local income levels, which may temper future price growth. No vacancy or school catchment data is available.
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PropCred Estimated Value
Comparable Sales: a nearby 3-bed duplex unit rented at $550/week, and a 3-bed house on 698 sqm sold for $704,900 | Property Price Band: $500,000–$600,000 | Value Drivers: modern build quality, low-maintenance layout, and proximity to schools and CBD
Bedrooms
3
Bathroom
2
Parking
2
Land
1211m²
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