99/303 Spring Street, Kearneys Spring QLD 4350
99/303 Spring Street, Kearneys Spring QLD 4350
3-bed flat in a large complex | single-bathroom configuration | two off-street car spaces | sold in 2020 at $240k | site spans 4.79 hectares
This unit offers a practical three-bedroom layout with two car spaces, a configuration that is uncommon for apartments in this price tier and may appeal to owner-occupiers who need parking for multiple vehicles or downsizers seeking single-level living. The property sits within a larger multi-unit estate on a substantial 4.79-hectare site, which can imply shared amenities and managed grounds that reduce individual upkeep. For a buyer focused on affordability and functional space rather than style or prestige, this unit represents a straightforward entry point into the Kearneys Spring market, particularly for those who value parking capacity over modern finishes or a high floor level. The 2020 sale price of $240,000 suggests the property has been positioned at the lower end of the local market, which may reflect its age, condition, or position within the complex.
The single bathroom may limit appeal for families or sharers, and the lack of detail on building age, internal condition, or strata fees means the true holding cost and renovation potential are unknown. The 4.79-hectare site may also imply higher body corporate levies if shared facilities are present. A buyer should verify whether the unit’s price reflects deferred maintenance or a genuine discount relative to newer stock, and whether the complex’s management structure or any pending special levies could affect ongoing affordability. Without recent comparable sales or rental evidence, the property’s current market position remains uncertain, so a physical inspection and a review of the strata records are essential before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 99/303 Spring Street, Kearneys Spring QLD 4350
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Kearneys Spring is a high-growth suburb with a robust market, evidenced by exceptionally strong capital appreciation and rapid sales. Demand is driven by established households with solid incomes, creating a competitive environment for well-priced properties. The market is characterised by swift turnover and healthy yields, indicating sustained buyer interest. While current affordability relative to the state average provides a buffer, future growth will depend on broader economic conditions and the maintenance of its current demand-supply equilibrium.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
4.79 ha
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