4/16 Globe Street, Ashgrove QLD 4060
4/16 Globe Street, Ashgrove QLD 4060
Compact 2-bed unit | small block of 7 | Ashgrove’s tighter stock | $600/week rent | 1989 sale tells a story
This unit sits in a small, low-density block of only seven properties, which is relatively rare for Ashgrove’s apartment stock and tends to appeal to buyers who prefer fewer neighbours and quieter common areas. The configuration—two bedrooms, one bathroom, one car space on a 108-square-metre lot—fits squarely into the entry-level or downsizer bracket, where demand is often steady because the suburb’s detached housing is expensive and this offers a lower-maintenance foothold. The rental estimate of $600 per week suggests reasonable income potential, and the 1989 sale price of $92,000 highlights how much the area’s values have risen over decades, reinforcing long-term capital growth patterns typical of established Brisbane suburbs close to the city.
The building’s age and exact condition are not confirmed from available data, so a buyer should weigh the possibility that the unit may need updates to finishes, fixtures, or systems, which could affect both immediate livability and resale timing. Its position on a small lot with no mention of shared amenities like a pool or lift means the property’s appeal may be narrower, particularly for buyers who expect resort-style extras or who need elevator access. The school catchment includes Oakleigh State School and Kelvin Grove State College, which may add value for families, but the quality of those schools is not verified here, so a buyer should confirm that independently.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/16 Globe Street, Ashgrove QLD 4060
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Ashgrove is a premium Brisbane inner-west suburb, characterised by strong demand from professionals and families drawn to its lifestyle, community character, and proximity to the CBD and quality schools. The market is supply-starved, with only 171 house sales last year, driving robust price growth; median house prices rose 10.2% to $1.92 million, while units surged 14.2%. Future growth is anchored by its enduring appeal, though affordability and the risk of overpaying in less desirable pockets are key constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
108m²
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