27/52 Frank Street, Thorneside QLD 4158
27/52 Frank Street, Thorneside QLD 4158
2-bed 2-storey townhouse | 150m² with larger courtyard | parkland and bay walk | established complex | mid-$500s rent
This is a competitively strong townhouse for its pocket because it combines a genuinely usable courtyard, a two-storey layout, and a position that sits quietly beside parkland while still being a short walk to both the bay and rail. In Thorneside, where older townhouse stock is tightly held, a 1989 build with this configuration offers rare ground-floor outdoor space and a low-maintenance footprint. It serves downsizers wanting coastal ease, first-home buyers seeking an entry into a bayside corridor, and investors who can see the rental uplift from $400 a week in 2022 to the mid-$500s now. The complex itself reads as well maintained, and the absence of flood and bushfire overlays adds genuine confidence for owner-occupiers.
Value may be most affected by the condition of the finishes, which are mixed: some rooms are updated, while one bedroom still carries an older air conditioner. The courtyard being larger than average might justify a premium over other units, but that depends on how it is presented and whether the complex’s body corporate fees are reasonable. Within the same street, prices vary considerably, so the final result may hinge on how this townhouse compares on micro-position and internal presentation rather than on any single feature. A buyer should weigh the cost of refreshing dated elements against the strong location and rental demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 27/52 Frank Street, Thorneside QLD 4158
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Thorneside is a tightly held, predominantly owner-occupied enclave where the core buyer is a 40–49-year-old childless professional in a high mortgage bracket. Demand is underpinned by low churn—just 35–47 house sales annually—and an average 24-day selling period. Prices have surged: the median house is $1.28 million after roughly 20% annual growth, while units jumped 33.9% to $750,000; five-year gains stand at 92.6% and 115.7% respectively. Rents are climbing, with house rents at $798 weekly and units at $550, a 17.3% yearly rise, though yields remain modest at 3.1% and 4.2%. The owner-occupancy rate rose to 68.9% and population grew 3.1% since 2016, reinforcing limited supply. Sustained appreciation and rental demand support further gains, but a $1.28 million median house price is testing affordability, especially as mortgage repayments for the dominant cohort already run to $2,399 monthly.
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PropCred Estimated Value
Comparable Sales: 33/52 Frank Street sold $580k Aug 2024; 23/52 Frank Street sold $785k | Property Price Band: $700k–$800k | Value Drivers: courtyard size, condition, position within complex
Bedrooms
2
Bathroom
1
Parking
1
Land
150m²
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