501/58 Manilla Street, East Brisbane QLD 4169
501/58 Manilla Street, East Brisbane QLD 4169
High-floor unit in secure boutique complex | City-view outlook with rooftop pool and gym | Strong rental demand near CBD and Gabba | Premium amenity stock in East Brisbane
This unit sits at the higher-amenity end of East Brisbane’s apartment market, offering lift access, secure parking, and shared resort-style facilities that older walk-ups in the suburb simply do not match. The mid-to-upper floor position suggests a genuine city-view balcony, which tends to hold value better than ground-level stock. It serves owner-occupiers—particularly downsizers and professional couples—who want inner-city convenience without compromising on modern finishes or security, while investors benefit from consistent rental interest given the proximity to transport, the Gabba, and the CBD.
The building’s recent sales span a wide range, from the low $500,000s to over $800,000, which reflects how much configuration and floor level can shift value. A 2-bedroom layout with secure parking and a city outlook may command a premium over simpler units in the same complex, but the exact interior condition and renovation state remain unconfirmed. Buyers should weigh the strata fees and building management quality, as these can materially affect holding costs. The estimated rental return of around $680 per week suggests reasonable yield potential, though this depends on the final purchase price.
|| Comparable Sales: 408/58 Manilla St sold $820k, 607/58 Manilla St sold $800k | Property Price Band: $700k–$800k | Value Drivers: floor level, city outlook, modern finishes, secure parking
Detailed Independent Property Report prepared by PropCred Analyst team for 501/58 Manilla Street, East Brisbane QLD 4169
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
East Brisbane presents a premium, high-growth residential market, with its detached housing segment demonstrating exceptional capital appreciation, significantly outpacing the unit market. This robust demand, reflected in swift sales, is anchored in the suburb’s established character and proximity to the city. While houses offer strong growth, units provide comparatively higher rental yields, indicating a diverse investment profile. Future performance will hinge on broader economic conditions and the sustained appeal of its prime location, though limited sales volume suggests a tightly held market that can amplify price movements.
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PropCred Estimated Value
Comparable Sales: 408/58 Manilla St sold $820k, 607/58 Manilla St sold $800k | Property Price Band: $700k–$800k | Value Drivers: floor level, city outlook, modern finishes, secure parking
Bedrooms
2
Bathroom
2
Parking
1
Land
1028m²
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