21/36 Kathleen Street, Richlands QLD 4077

3-bed townhouse | 2016 build | double garage | no flood | bushfire overlay | Richlands This property presents a rare configuration advantage in Richlands: a three-bedroom townhouse with a double lock-up garage and internal courtyard, built in 2016. The floorplan is unusually generous for the suburb, with the master suite separated from secondary bedrooms and direct balcony access from the living zone. For a buyer seeking a low-maintenance, modern dwelling with parking for two cars, this unit competes well against older stock and smaller apartments in the area. It suits owner-occupiers who value space and privacy over proximity to a train station, as well as investors targeting families or professionals who need secure parking. The bushfire overlay is the primary risk; it may affect insurance premiums and resale speed in a downturn. The property sits in a complex with a 55% renter split, which can dampen capital growth relative to standalone houses. However, the 2016 purchase price of $376,900 and current estimate of $888,000 show strong land-value appreciation, and the 137m² internal area is well above the suburb’s median for townhouses. Hold this property for medium-term capital gain or rent at $680 per week for a solid 4% gross yield.