8/19 Merlin Terrace, Kenmore QLD 4069

Townhouse in Kenmore | 3 bed, 2 bath strata | Near $1.08m estimate | Recent sale at notable discount This property presents a compelling entry into the Kenmore market with a three-bedroom, two-bathroom configuration that aligns with strong local demand for low-maintenance housing. Its estimated value suggests a positioning within the upper segment for townhouses in the area, primarily serving owner-occupiers or investors seeking established suburban character without the upkeep of a detached house. The strata title structure offers convenience but necessitates due diligence on body corporate health and fees. The critical consideration is the significant disparity between the recent sale price and the current valuation, which demands explanation. A strata report purchase is non-negotiable to uncover potential liabilities affecting value. This gap may represent a unique opportunity for a well-informed buyer to secure below-market asset, or it may signal underlying issues. Proceed only with a forensic review of the strata history and a building inspection, positioning this as a strategic hold for capital growth if due diligence clears the noted price anomaly. Nearby sales context: – 8 Merlin Terrace (house, 455m² land): Sold $509,500 in 2014. – 3/19 Merlin Terrace (townhouse): Estimated $1,234,000. The 2014 sale of the detached house provides a long-term growth benchmark, while the higher estimate for a comparable townhouse in the same complex suggests this listing’s valuation is plausible if the unit is in sound condition. The recent low sale price of the subject property is an outlier requiring investigation.