3/177 Waterworks Road, Ashgrove, QLD 4060 | Townhouse for sale | OnTheHouse
 
FOR SALE
Offers Over $1.25M

3/177 Waterworks Road
Ashgrove QLD 4060

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Refined Inner-City Living in Exclusive Complex of Five

THE STYLE:
Designed by Ivan Gastaldon Architects, this near new townhouse, BANBA, delivers 152m² of refined, single-level living within an exclusive complex of just five private residences. Positioned towards the rear of the complex, the home enjoys a peaceful and private setting, cleverly designed to maximise space, privacy and natural light with north, west and east aspects. A vaulted ceiling creates a striking sense of volume and elegance throughout the main living zone.
A private entry via stairs to level three leads to the main living level, creating a strong sense of separation and arrival. Designated undercover tandem parking for two cars is provided below, offering both convenience and peace of mind. Inside, premium luxury vinyl timber-look flooring with specialised acoustic treatment complements the elevated ceiling heights, while the open plan living and kitchen area flows seamlessly to a spacious covered outdoor terrace which faces east, perfect for entertaining or quiet relaxation.
The kitchen is sleek and functional, complete with stone benchtops, a Miele electric cooktop, Miele dishwasher and included fridge, perfectly suited to modern living. Split system air conditioning is installed throughout the living area and all three bedrooms.
The generously proportioned main bedroom is a private retreat, featuring built-in wardrobes, a stylish ensuite and split system air conditioning. Two additional bedrooms are equally well appointed, each with built-in wardrobes and split systems, offering flexibility for family, guests or a home office.
The home also features a separate exclusive secure dust-proof generously sized storage room.
Set in the highly sought-after Ashgrove, this residence enjoys close proximity to cafés, shops and public transport, while being under 5km from the CBD. Currently rented, the property presents an outstanding investment opportunity in a tightly held inner-city suburb, with continued growth expected leading into the Brisbane 2032 Olympic Games. For investors, the combination of strong rental demand, depreciation benefits associated with a near-new property, and the potential tax advantages of negative gearing as a qualifying new build development (subject to individual circumstances and professional financial advice) may further enhance its appeal. Equally suited to downsizers and professionals seeking an easy care lock-and-leave lifestyle, this is a rare opportunity to secure low-maintenance luxury with exceptional architectural design and low body corporate fees.
THE FACTS:
* BANBA: Exclusive boutique complex of only 5 residences
* Positioned privately towards the rear of the complex
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Property Details for 3/177 Waterworks Rd, Ashgrove

3/177 Waterworks Rd, Ashgrove is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2024. The place is currently for sale with Fletcher Riley.

Building Type
Townhouse
Year Built
2024
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About Ashgrove 4060

The size of Ashgrove is approximately 5.9 square kilometres. There are 33 parks, covering nearly 17.2% of the total area. The population of Ashgrove in 2016 was 13039 people. By 2021 the population was 13450 showing a population growth of 3.2% in the area during that time. The predominant age group in Ashgrove is 10-19 years. Households in Ashgrove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashgrove work in a professional occupation.In 2021, 71.50% of the homes in Ashgrove were owner-occupied compared with 69.00% in 2016.

Ashgrove has 5,660 properties. Over the last 5 years, Houses in Ashgrove have seen a 56.06% increase in median value, while Units have seen a 112.33% increase. As at 31 July 2026:

  • The median value for Houses in Ashgrove is $2,021,104 while the median value for Units is $968,156.
  • Houses have a median rent of $900 while Units have a median rent of $650.
There are currently 24 properties listed for sale, and 9 properties listed for rent in Ashgrove on OnTheHouse. According to Cotality's data, 214 properties were sold in the past 12 months in Ashgrove.

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Sarah Kelly
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Fletcher Riley
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