508/188 Shafston Avenue, Kangaroo Point QLD 4169

Studio in high-density riverside suburb | Small 27m² internal footprint | Secure parking included | 5th floor with city proximity | No overlays simplifies purchase This unit presents a competitively priced entry point into Kangaroo Point, a high-demand suburb close to the Brisbane CBD. Its key strength is providing secure, asset-grade housing in a tightly held location, which primarily serves investors seeking a low-cost foothold or budget-conscious owner-occupiers who prioritize location over space. The inclusion of air conditioning and a dedicated car space, uncommon in many studios, adds practical utility and supports strong rental appeal in a market dominated by similar compact dwellings. The primary risk is the extremely constrained internal size, which permanently limits its occupant profile and may challenge capital growth relative to larger, modern units. The older building style and lack of luxury amenities further position it in a specific, price-sensitive market segment. For a buyer, the commercial logic is acquiring a tenancy-ready property with a historically low entry cost, where yield may offset slower appreciation. Treat this as a long-term hold for cash flow, not a short-term trading vehicle, given its niche appeal. Comparable evidence within the same building shows: – Unit 805/188 (21m²): Estimated value $291,000–$318,000 – Unit 611/188 (27m²): Recently listed for sale, price undisclosed The subject unit’s last sale at $122,000 in 2013 demonstrates significant historical growth, while current comparables anchor its present value within a narrow, lower price band. This data confirms the property sits at the most affordable end of the market, with value tightly linked to its minimal square metreage.