7/56 Stevenson Street Ascot QLD 4007
7/56 Stevenson Street Ascot QLD 4007
Recently renovated|154mΒ² lot|$1.25m-$1.36m value range|350m from Racecourse Rd| This three-bedroom townhouse on a 154mΒ² lot suits downsizers or young professionals seeking low-maintenance living near key amenities. Its boutique complex setting offers a secure, private oasis amid the street’s quiet residential feel, distinct from larger homes nearby. The fully updated interiors with premium finishes and ducted air-conditioning deliver immediate practicality for everyday use, while the garden patio and built-in BBQ extend living space outdoors without demanding upkeep. Positioned just 350m from the Racecourse Road precinct, it captures walkable access to cafes and shops that appeals to buyers prioritising lifestyle over expansive land. Similar townhouses in the area attract professionals and small families who value turnkey readiness, often leasing reliably at around $835 per week when not owner-occupied. Market estimates place its value between $1.25m and $1.36m, reflecting steady demand for renovated units in this pocket where scarcity drives competition. Without flood or heritage overlays, it sidesteps common risks, enhancing buyer confidence. Long-term, the gated entry and proximity to schools like Hamilton State bolster holding value as Ascot’s appeal endures for those balancing city access with suburban calm. Its compact lot supports efficient land use, positioning it well against pricier freestanding options on the street.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
AscotΒs premium lifestyleΒRacecourse Road cafΓ©s and boutiques, tree-lined avenues, top-tier schools and quick CBD/airport accessΒkeeps owner-occupiers and upsizers tapping demand despite the high entry price.
With houses near $2.7m, units around $830k and annual growth in the mid-teens, prices are still drifting upward over the past six months while stock stays scarce and days on market remain under two months.
Risks include minimal gross yield for houses, industrial edges and a higher unit share that softens scarcity, yet limited listings and affluent owners keep capital momentum intact.