308/275 Wickham Street, Fortitude Valley QLD 4006
308/275 Wickham Street, Fortitude Valley QLD 4006
2 bed, 1 bath, 1 car | 93 m² internal | Fortitude Valley | Larger-than-typical floorplan | Strong rental yield signals
This apartment’s competitive strength lies in its generous 93 m² internal area, which is notably spacious for a two-bedroom unit in Fortitude Valley, where smaller investor-grade layouts dominate. Positioned within a high-density, mixed-use precinct with ongoing redevelopment pressure, the property benefits from strong rental demand and a recent building-level sale suggesting a gross yield near 5.1% when leased. It is best suited for an owner-occupier seeking inner-city access without sacrificing living space, or an investor targeting tenants willing to pay a premium for size and location.
The value of this unit may be materially affected by the pending 25-level residential development at the same address, which could increase competitive supply of one- and two-bedroom apartments in the immediate area if approved. The apartment’s exact floor level, aspect, and finish quality are not confirmed, so its price should be weighed against comparable units in the building, particularly the recent $900,000 sale of a higher-floor unit. Strata levies and resident amenities are unknown, so a full body corporate review is recommended before forming a final view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 308/275 Wickham Street, Fortitude Valley QLD 4006
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Fortitude Valley is a vibrant, inner-city suburb where proximity to the CBD and a dynamic entertainment scene drive strong demand, particularly from young professionals and students. The market is characterised by robust unit sales and rapid turnover, with median days on market under 30 days. Recent data shows significant price growth for units, exceeding 20% annually, while house supply is notably constrained with minimal annual sales. Future growth is underpinned by urban renewal projects, though the limited house stock and reliance on a specific renter demographic present key market constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1943m²
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