602/191 Constance Street Bowen Hills QLD 4006

Prime location in King Street Precinct | Flood and heritage overlays detected | 2-bed, 2-bath with one car space | Strong rental demand in investor-dominated area. This property sits in a tightly held, well-positioned pocket of Bowen Hills, within walking distance of the King Street dining and retail precinct and Brisbane Showgrounds. For a buyer seeking a low-maintenance unit in a growth corridor, the configuration of two bedrooms and two bathrooms with a dedicated car space is competitive for this price bracket. The area’s high proportion of rental properties suggests liquidity for future sale or lease, and the recent comparable sale at $705,000 in the same building provides a credible floor for value. This unit suits an owner-occupier wanting lifestyle proximity or an investor targeting stable rental returns near $745 per week. The detected flood and heritage overlays introduce specific risk: flood overlay may affect insurance premiums and resale appetite in a softening market, while heritage overlay can restrict future modifications or development potential. These are not deal-breakers but must be factored into offer strategy and holding costs. The opportunity lies in negotiating below the mid-range estimate given these overlays and the recent comparable transaction. Hold this property as a medium-term residential investment or primary residence, leveraging its location and NBN/5G connectivity as supporting amenities rather than primary drivers.