40/31 Bombery Street, Cannon Hill QLD 4170
40/31 Bombery Street, Cannon Hill QLD 4170
Top-floor | 2/2/1 | 6 km CBD | light-filled | lock-leave
Positioned on the top floor of a modern Bombery Street complex, the apartment is characterised by natural light and breezes, and a low-maintenance lock-and-leave lifestyle is offered. A 2/2/1 configuration is provided, and this is well suited to the inner-east market. A practical edge is gained by its roughly 6 km distance from the CBD. The property is situated in a pocket where contemporary unit stock is the norm. First-home buyers, downsizers, and investors are best served, as immediate upkeep and future refurbishment demands are reduced by the clean layout and modern presentation.
Strata costs and limited land may be weighed by some buyers. Privacy is reduced compared with houses. A premium might be achieved by top-floor light and quiet. Value may be influenced by the unit’s finish and presentation. The sale price might be affected by broader inner-east market timing.
>> Comparable Sales: 36/31 Bombery Street sold $813,500; 38/23-31 Bombery Street sold $720,000 | Property Price Band: $700,000-$800,000 | Value Drivers: top-floor natural light, modern presentation, 2/2/1 layout.
Detailed Independent Property Report prepared by PropCred Analyst team for 40/31 Bombery Street, Cannon Hill QLD 4170
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Cannon Hill’s position rests on efficient transport links to Brisbane CBD, with proximity underpinning strong rental demand from professionals and families drawn to established amenities. House prices sit between $1.41 million and $1.60 million, but annual growth has been uneven, ranging from -2.08% to 10.34%, and stock turns over slowly at 23 to 57 days. Units are the outperforming segment, priced from $708,000 to $767,500 with 13% yearly growth, reflecting buyer preference for lower entry points and higher gross yields of 3.9% to 5.03% versus houses at 2.8% to 3.22%. Weekly rents of $800 to $850 for houses and $660 to $680 for units support investor interest, though annual house sales volume is thin at 109 to 119. Future demand hinges on infrastructure upgrades and revitalisation projects, while affordability constraints and interest-rate sensitivity remain the key brakes on price momentum.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1216m²
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