506/959 Ann Street, Fortitude Valley QLD 4006
506/959 Ann Street, Fortitude Valley QLD 4006
506/959 Ann Street, Fortitude Valley is a 2-bedroom, 2-bathroom apartment with 1 car space and 85 square metres of internal living on the 5th floor. It sits within an established multi-residential building on a 1,288 square metre site.
This unit occupies a strong position in the Fortitude Valley market, offering a genuine 2-bedroom floorplan that is increasingly rare in newer developments where layouts have become tighter. The 85-square-metre internal area feels generous compared to many recent builds, and the 2-bathroom configuration adds practical appeal for owner-occupiers or tenants who value separation. It sits in the heart of the Valley, which means walkability to the CBD, public transport, and the New Farm precinct is excellent. The property best suits a professional couple, a downsizer wanting urban energy, or an investor seeking a unit with broad tenant appeal. The single car space is standard for this price point and location, not a drawback.
The 5th-floor position may limit outlook and natural light compared to higher levels, and the building’s age—likely constructed around the early 2000s—means the buyer should check for any upcoming special levies or sinking fund adequacy. The single car space could be a constraint for households with two vehicles, though this is typical for the area. Rental demand appears solid based on recent leasing activity for similar units in the building, which supports income projections. The buyer may want to confirm whether the unit has air conditioning and what communal facilities are available, as these can affect both liveability and resale appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 506/959 Ann Street, Fortitude Valley QLD 4006
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Fortitude Valley is a vibrant, inner-city suburb where proximity to the CBD and a dynamic entertainment scene drive strong demand, particularly from young professionals and students. The market is characterised by robust unit sales and rapid turnover, with median days on market under 30 days. Recent data shows significant price growth for units, exceeding 20% annually, while house supply is notably constrained with minimal annual sales. Future growth is underpinned by urban renewal projects, though the limited house stock and reliance on a specific renter demographic present key market constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1288m²
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