32/40 Glenefer Street, Runcorn QLD 4113
32/40 Glenefer Street, Runcorn QLD 4113
Townhouse format | 3–4 bed potential | small 75 m² lot | 1990 build | shared pool, tennis, gym | flood overlay noted
The property sits within an established townhouse complex where the dominant format is three to four bedrooms, two bathrooms, and one to two car spaces. That configuration gives it genuine family appeal while remaining low-maintenance, which suits both owner-occupiers looking to downsize without losing space and investors targeting steady rental demand. The shared amenities — a full-size tennis court, swimming pool, and gym — are uncommon for a complex of this age and add a lifestyle layer that typical suburban townhouses do not offer. Proximity to Runcorn Heights State School, Runcorn State High School, and Fruitgrove Train Station reinforces its practical position for commuting households. North-facing options within the complex have been highlighted in past listings, suggesting orientation may vary and could be a point of preference. The circa-1990 construction is consistent with established Brisbane townhouse estates, and the small lot size keeps external upkeep minimal, which is a genuine advantage for time-poor buyers. This property serves best a buyer who wants space, shared facilities, and transport connectivity without the burden of a large yard.
The flood overlay recorded on comparable lots within the same complex may affect insurance costs and could influence future resale appeal, though it has not prevented active turnover historically. The older build means finishes and condition will vary from unit to unit, so a buyer should weigh the potential need for updates against the purchase price. Small lot sizes limit extension potential, but they also keep body corporate fees and maintenance obligations lower than larger townhouse developments. The mix of owner-occupiers and investors in the complex suggests stable occupancy, yet the active resale and rental history points to a market that remains liquid. Rental income estimates for comparable units sit around $690 per week, which gives a reasonable yield indication for investor buyers. The presence of FTTP NBN and 5G coverage adds practical value for remote workers or tenants who prioritise connectivity.
Detailed Independent Property Report prepared by PropCred Analyst team for 32/40 Glenefer Street, Runcorn QLD 4113
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Runcorn is a competitive residential market. Demand is being led by mid-to-high income households; houses are spending just 22 days on market and selling 6% above asking, well ahead of the state average of 5% below asking. The median house price is $1,117,500, up 15.8% annually, while units sit at $737,500, up 15.96%. Gross rental yields remain modest at 3.43% for houses and 4.66% for units, with median rents of $680 and $660 a week respectively. Sales turnover is thin—123 houses and 96 units over the year—reinforcing tight supply. However, the demand-to-supply ratio indicates limited impetus for further capital growth; prices are expected to plateau or drift up only as long as buyers keep making decent offers.
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PropCred Estimated Value
Comparable Sales: 13/40 Glenefer Street sold $690,000 Oct 2024; 67/40 sold Jan 2025 | Property Price Band: $700K–$800K | Value Drivers: condition and renovations, orientation and aspect, shared amenity quality
Bedrooms
2
Bathroom
2
Parking
1
Land
103m²
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