21809/28 Merivale Street, South Brisbane QLD 4101
21809/28 Merivale Street, South Brisbane QLD 4101
This is a 2-bedroom, 2-bathroom apartment with one car space in the Ivy & Eve complex. It has 71 square metres of internal space, a 94 square metre lot, air conditioning, built-in robes, and an internal laundry. The complex offers a gym, pool, function rooms, and study areas. It sits in a high-density inner-city pocket of South Brisbane, within catchment for Brisbane State High School.
What makes this property competitively strong is its position within a resort-style complex that offers amenities rarely found in older apartment stock. The combination of two bedrooms, two bathrooms, and a dedicated car space in a building with a pool and gym appeals directly to young professionals and couples who want low-maintenance living without sacrificing lifestyle. Its location in South Brisbane places it close to the CBD and cultural precinct, while the school catchment adds a layer of demand that many inner-city apartments lack. This property serves best as a long-term hold for an owner-occupier or an investor targeting tenants who value amenity and location over sheer square footage.
The flood overlay is the factor most likely to affect value or sale price. It does not prevent occupation but may restrict future development or renovations, and some buyers will factor that into their offer. The internal size of 71 square metres is standard for the area, not generous, which may limit appeal for families or those wanting more space. The estimated rental yield sits around 5 percent, which is reasonable for an inner-city apartment but not exceptional. A buyer should weigh the premium for the complex amenities against the constraint of the flood overlay and the modest floorplan when forming their view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 21809/28 Merivale Street, South Brisbane QLD 4101
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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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
2
Bathroom
2
Parking
1
Land
94m²
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