413/986 Wynnum Road, Cannon Hill QLD 4170

2-bed courtyard apartment | low-density complex | young professional catchment | walk to Cannon Hill station | strata-titled 2022 build This is a competitively positioned apartment for a buyer seeking a newer build with genuine separation from larger complexes. The 108-110sqm lot with a fully fenced courtyard is uncommon for a 2022 unit, giving ground-floor privacy and outdoor space that typically commands a premium in Cannon Hill’s market. The property sits in a complex with 85% owner-occupiers, which reduces rental churn risk and supports capital stability. It suits a professional couple or downsizer prioritising low-maintenance living within the Balmoral High School catchment and within walking distance of the train station and Cannon Hill’s retail hub. The main risk is the absence of flood or bushfire overlays is a positive, but the building’s zero per cent auction clearance rate over recent sales suggests buyer hesitation at current pricing, likely due to the premium over the building’s $812,000 median. The estimated $923,000 value is above the asking range, creating a potential gap if the seller negotiates. A buyer should commission the strata report to check sinking fund adequacy given the building’s age. Hold this property as a long-term owner-occupied base or a low-turnover rental targeting the 20-39 demographic that dominates the area.