402/36 Anglesey Street, Kangaroo Point QLD 4169
402/36 Anglesey Street, Kangaroo Point QLD 4169
High-floor apartment | ducted climate | secure parking | study nook | prime school catchments
This unit presents a competitively strong offering for a professional or investor seeking a low-maintenance residence in a tightly held suburb. Its ducted heating and cooling, combined with a dedicated study space and secure garage, create a premium convenience package uncommon in one-bedroom configurations. The property is best suited to an owner-occupier leveraging the excellent local state school catchments or an investor capitalising on the strong rental demand evidenced by the above-median weekly rent estimate.
Proceed with the understanding that the lack of comparable sales data obscures true market calibration, a key risk when determining offer price. The conflicting last sale data necessitates a title search to clarify the vendor’s acquisition cost, impacting negotiation leverage. The high body corporate fees typical of buildings with ducted systems will erode yield. Acquire this as a long-term hold, using its functional advantages and location to attract stable tenants or serve as a personal base, but condition any offer on a strata report to uncover capital works plans.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Kangaroo Point is transitioning into a mixed-use urban village, underpinned by strong infrastructure links and upcoming developments. Demand is high, evidenced by rapid sales (24 days for houses) and a critically low 1% rental vacancy, favouring unit buyers. Recent price growth is robust for units (up to 16.4%), though house data is conflicting. Future growth is supported by a positive infrastructure outlook, but a tightly held market and limited supply present key constraints.