202/2 Nicol Way, Brendale QLD 4500
202/2 Nicol Way, Brendale QLD 4500
3 bed townhouse in gated complex | pool, tennis, security | strong rental demand | mid $600k to low $800k band | strata fees apply
This townhouse sits within a secure, amenity-rich complex that stands apart from Brendale’s mixed residential-industrial character. The gated setting, multiple pools, tennis courts, and manicured grounds create a resort-style living environment that appeals strongly to downsizers seeking low-maintenance security, small families wanting three bedrooms with recreation on site, and investors chasing consistent rental demand near the train station. The configuration is practical rather than expansive, with internal areas around 109 square metres and parking for one or two cars depending on the exact layout. Its competitive edge lies in the combination of lifestyle amenity and strata management, which delivers a level of convenience rarely found in the suburb’s typical detached housing stock.
The property’s value may be shaped by its exact internal finish level, as renovated units in the complex have commanded noticeably higher prices than those with dated presentations. The body corporate fees, approximately $3,800 per year, add an ongoing cost that might temper appeal for budget-focused buyers. The mixed industrial pockets nearby could influence perceived desirability, though the gated nature of the complex mitigates most interface concerns. Buyers should weigh whether the current condition aligns with the premium seen in recently upgraded stock, as presentation appears to be the strongest variable in price outcomes.
|| Comparable Sales: 502/2 Nicol Way sold $830,000 | 411/2 Nicol Way sold $672,000 | Property Price Band: $600K–$800K | Value Drivers: renovation level, layout configuration, complex amenity
Detailed Independent Property Report prepared by PropCred Analyst team for 202/2 Nicol Way, Brendale QLD 4500
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Brendale (QLD 4500) is tightly held; houses sell 40.4% faster than nearby Albany Creek and units 62.0% faster. Demand is driven by house values up 20.2% and units 26.0% over the past year, plus rents up 7.7%. Median house price is $611,000–$671,000; units $595,000–$637,000. Annual house sales are low at 33–36, underlining supply constraints. Future growth is supported by strong absorption, but risks include compound house growth of -20.8% and a 27.4% jump in the all-dwelling median, raising affordability concerns. Days on market for houses span 11–35; rentals lease in 13 days.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 502/2 Nicol Way sold $830,000 | 411/2 Nicol Way sold $672,000 | Property Price Band: $600K–$800K | Value Drivers: renovation level, layout configuration, complex amenity
Bedrooms
3
Bathroom
1
Parking
1
Land
11.76 ha
URL has been copied successfully!