8/8 Russell Street, Everton Park QLD 4053
8/8 Russell Street, Everton Park QLD 4053
4 bed townhouse | Greystone Terraces | Mirvac build | family oriented complex
This property stands out in Everton Park primarily because of its four-bedroom configuration within a Mirvac-built complex that typically offers three-bedroom layouts. The extra bedroom, combined with a large study nook, private garden, covered patio, and balcony access from the main and second bedrooms, makes it a genuinely rare townhouse option for families seeking space without moving to a detached house. The complex itself adds meaningful value with its in-ground pool, barbecue facilities, and recreation room, which are not standard for townhouse developments in this area. Its elevated position with treetop views further strengthens its appeal. This property is best suited to owner-occupier families who want low-maintenance living with room to grow, or to downsizers who value quality finishes and shared amenities but need more internal space than a typical three-bedroom townhouse offers.
The 2021 sale price of $760,000 provides a useful baseline, but the market has shifted considerably since then. Comparable three-bedroom townhouses in the same complex have transacted above $1 million by 2025 and 2026, which suggests this four-bedroom version may command a premium over those figures. The absence of flood, bushfire, or heritage overlays removes some common value risks, but the property’s multi-level configuration may limit appeal for buyers with mobility concerns. Its position within a higher-density complex could also affect resale speed if market conditions soften, though the quality of the Mirvac build and the complex’s amenities should provide a degree of price resilience.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/8 Russell Street, Everton Park QLD 4053
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Everton Park is a high-demand, family-oriented suburb driven by professionals and investors, evidenced by its 16.7% annual house price growth and median household income of $2,000 weekly. The market is intensely competitive with houses selling in a median of 14 days, fueled by strong capital growth and robust rental demand. Future growth is supported by quality school catchments and transport links, though key risks include strained affordability with a $1.26m median house price and tight supply, with only 107 new listings last year.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
120m²
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