2/39 Gordon Street Gordon Park QLD 4031
2/39 Gordon Street Gordon Park QLD 4031
2 bed apartment |191mΒ² lot |Built 1975 |Est $932k value | $560pw rent |Newly listed
This two-bedroom apartment on a 191sqm lot suits downsizers or investors seeking low-maintenance living near Stafford State School and Kedron State High School catchments. The generous lot size for an apartment offers practical separation from neighbours, providing quieter living than typical units in the street’s multi-unit setups. Built in 1975, it aligns with solid mid-century construction common in Gordon Park, appealing to buyers who value durability over modern finishes. With one secure car space and reliable NBN plus 5G coverage, it supports straightforward urban lifestyles without the upkeep of a house. In a street blending units and homes, this property stands out for its larger footprint, positioning it well against smaller apartments that dominate local sales. Buyers drawn to similar two-bedroom flats here often include first-home couples or retirees prioritising school proximity and no flood or bushfire risks. Comparable units in the area have shown steady performance, with recent sales reflecting values around $920k amid stable demand. Its residential zoning and absence of overlays enhance long-term holding appeal, as urban infill pressures favour established blocks like this one. Over time, the lot’s scale could support value growth if strata allows future enhancements.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Gordon ParkΒs proximity to the CBD, leafy Kedron Brook edges and scarcity of freehold character homes keep demand elevated among families and downsizers seeking a quiet, connected lifestyle.
Buyers chase the steady capital lift, amenity-rich Stafford Road corridors and the suburbΒs reliable rental depth, accepting modest yields of about 2.5% on houses and 4% on units as part of a long-term play.
Risks cluster around flood overlays near Kedron Brook, yet tight supply and disciplined renovators keep the market resilient, with prices nudging higher over the past six months after quarterly gains of roughly 1.5% and a c.15% lift year-on-year for houses.