9/2 Surrey Street, Nundah QLD 4012
9/2 Surrey Street, Nundah QLD 4012
2-bed 2-bath 1-car unit | Modern low-rise build | Walk to Nundah Village and rail | Secure parking and balcony | Strong rental appeal
This unit sits in a quiet, well-planned pocket of Nundah where modern apartment living meets genuine convenience. The configuration is efficient for a couple, a single professional, or an investor targeting steady rental demand. The contemporary finishes, including stone benchtops, stainless appliances, and air conditioning, make it competitively positioned against older walk-up stock in the suburb. Its proximity to the train station, local shops, and schools gives it a practical edge that suits first-home buyers and downsizers alike, while the secure parking and balcony add everyday livability that many comparable units lack.
The property’s value may be shaped by its exact floor level and outlook, as those affect light, privacy, and noise exposure. Body corporate fees are a recurring cost in this building class and should be weighed against the convenience of low-maintenance living. The modern build age and internal specification may support stronger resale interest than older units nearby, but the lack of a large outdoor area or distinct land component may limit upside compared with townhouses or houses. The rental profile suggests consistent demand, though yield will depend on the final purchase price and ongoing levies.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/2 Surrey Street, Nundah QLD 4012
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Nundah, a northside Brisbane market, is being driven by an undersupply of both houses and units. House medians range from $1.234m (Q3 2025, 7.3% annual growth) to $1.5m (25% growth), while units sit between $725,000 and $745,000, growing 19.7-21.7%. The market is tight: houses average 20 days on market, with 2-3 bedroom homes clearing in 10-14 days, and vacancy is 0.7%. Gross yields are 2.7-3.12% for houses and 4.0-4.29% for units, reflecting rental demand. A constrained supply of new standalone houses and $180.8m of projects commencing 2025-2026 underpin the outlook. The key constraint is rate sensitivity: sales volumes fell 22.6% for houses and 37.0% for units between Q3 2024 and Q3 2025, even as prices held.
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PropCred Estimated Value
Comparable Sales: 2/34 Surrey Street sold February 2023; 8/34 Surrey Street 2013-built unit with sale history | Property Price Band: $600K–$700K | Value Drivers: Modern finishes, secure parking, walk-to-transit location, balcony space
Bedrooms
2
Bathroom
2
Parking
-
Land
1631m²
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