21502/28 Merivale Street, South Brisbane QLD 4101
21502/28 Merivale Street, South Brisbane QLD 4101
1-bed Ivy & Eve apartment | 56m² internal | flood overlay | Brisbane high school catchment
This unit offers a rare combination for a one-bedroom floorplan—genuine separation of living and sleeping zones within a 56m² footprint, plus a dedicated car space in a premium 2018-built tower. The Brisbane State High School catchment alone command a persistent demand premium from both owner-occupier professionals and investors targeting the rental corridor between the CBD and West End. For a buyer seeking low-maintenance urban tenure with above-average rental yield potential and strong capital growth adjacency to South Bank, the configuration here is defensible.
The flood overlay is the primary structural risk, translating directly into higher insurance premiums and potentially tighter lending criteria from some financiers. Body corporate levies in a full-facility tower of 476 units tend to escalate after the five-year mark, and the absence of an FTTB connection in a 2018 build is a minor but real oversight. The opportunity exists in its relatively muted current listing profile—less competition means room to negotiate below the estimated range. A propcred buyer report would clarify exactly where this unit sits against comparable sales in Ivy & Eve and nearby towers, and flag any outstanding levy liabilities or flood insurance implications before you commit.
Detailed Independent Property Report prepared by PropCred Analyst team for 21502/28 Merivale Street, South Brisbane QLD 4101
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
South Brisbane is a tightly held inner-city suburb where demand is driven by professionals and investors drawn to its connectivity and urban lifestyle. The market is characterised by strong competition for limited housing stock, with recent price growth reflecting this sustained pressure. Future growth is underpinned by its proximity to major employment hubs and a robust rental market, though affordability constraints and sensitivity to interest rates present ongoing challenges for buyers.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
56m²
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