27 Mannion Street, Red Hill QLD 4059
27 Mannion Street, Red Hill QLD 4059
Premium renovated family home | Red Hill inner-city pocket | 4-bedroom with 3 bathrooms | Strong capital growth street | Owner-occupier sweet spot
This property sits on a street where renovated homes have seen annual growth exceeding 9%, reflecting sustained demand for high-specification family housing within walking distance of the CBD. The four-bedroom, three-bathroom configuration is rare on Mannion Street, giving buyers a genuine competitive edge in a market where standard three-bedroom homes trade for $1.5 million. The compact 347m² lot is typical for the area and does not detract from value, as the premium lies in the renovation quality and location. This house best suits an owner-occupier seeking a turnkey home in a tightly held street with low turnover and high owner-occupancy.
The absence of a disclosed asking price signals either an expressions-of-interest campaign or auction, which introduces uncertainty around final cost. Buyers should benchmark against the nearby 21 Mannion Street property and the recent $1.53 million sale at number 15, adjusting for the additional bathroom and superior finish. The property is not positively geared under standard assumptions, reinforcing its suitability as a primary residence rather than an investment. Hold this house as a long-term family home in a suburb with consistent capital appreciation and limited new supply.
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Mannion Street, Red Hill QLD 4059
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Red Hill is a tightly held, owner-occupied suburb with a significant rental cohort, positioning it as a stable, established Brisbane locale. Demand is driven by owner-occupiers and sustained by high rental demand in a low-vacancy environment, underpinned by interstate migration and constrained housing supply. Recent price trends show solid growth, with a competitive market evidenced by rapid sales. Future growth is supported by these persistent demand drivers, though high price points present an affordability constraint and limited new construction continues to pressure existing stock.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
-
Land
348m²
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