7/93 Leichhardt Street, Spring Hill QLD 4000

Suburban apartment | boutique floorplan | only two per floor | rare space and privacy This property’s strongest buying case is its configuration within a low-density boutique building where only two apartments share each floor, giving it the spatial feel of a townhouse without the land cost. At 152 square meters with three bedrooms, two bathrooms, and two car spaces, it competes directly with much older housing stock in better-connected suburbs. The absence of flood, bushfire, or heritage overlays removes common insurance and renovation frictions that plague inner-city purchases. It suits buyers who want a genuine family-sized apartment in a central corridor, particularly those trading down from a house without sacrificing room count or parking. The main risk is that the price has already moved well ahead of the last recorded sale from 2007, and the current listing sits near the top of the estimated value range, which means the buyer must negotiate hard or accept slower short-term capital growth. Rental yield at mid-range is modest for the price point, so this is not a cash-flow play. The opportunity lies in the scarcity of this floorplan type in Spring Hill—few similar apartments exist—which supports long-term hold logic. Buy this for its livability and positional rarity, not for flipping.