4/16 Musgrave Terrace, Alderley QLD 4051

Elevated rear position in small complex | Pet-friendly policy under 10kg | Bushfire overlay present | Walk to Alderley station and shops | Off-market opportunity The three-level layout with both a front balcony and rear courtyard creates rare separation of indoor-outdoor zones for a townhouse, giving it a house-like feel. The pet-friendly allowance under 30cm is a genuine scarcity in this price bracket and broadens the buyer pool significantly. Its elevated rear position within a small complex of six or fewer dwellings ensures privacy and breeze capture, which typically holds value better than front-facing units. This property suits professionals or downsizers who want a lock-and-leave home with genuine lifestyle amenity, not just a box. The bushfire overlay is the primary friction point, likely adding $800–$1,200 annually to insurance premiums and may limit some lenders’ appetite, though not fatally. The 218m² block is modest, so any future extension is improbable without strata approval. Rental yield sits around 2.7 percent, which is acceptable for inner-north Brisbane but not a cash-flow play. Buyers should hold for five-plus years to capture the suburb’s ongoing infill appreciation rather than flipping.