204/28 Masters Street, Newstead
Listing data updated 12 June 2026
- Opportunities like this are incredibly rare, with two-bedroom units in this tightly held, very quiet boutique complex of just 30 residences seldom coming to market. Built approximately 20 years ago with solid Besser brick construction between units, 28 Masters St is renowned for its durability, low-maintenance appeal, and unbeatable location just moments from Gasworks, the riverwalk, public transport, and a vibrant selection of trendy cafés, bars, and restaurants. Positioned on the second floor with an easterly aspect, Unit 204 offers a generous 105m² of recently renovated living, featuring the highly sought after advantage of both front and rear outdoor areas, expansive interiors with oversized living spaces and bedrooms comfortably accommodating king-sized beds, and an airy, light-filled atmosphere enhanced by rare bathroom windows and refreshing cross-breezes throughout. Unit 204 is an exceptional home in a quality complex built to truly stand the test of time. - 105m² of living ( pet friendly ) - Body corporate fees: $1731 approx per quarter - Rates $548 approx per quarter - Utilities $348 approx per quarter - Sinking fund: $150,000 + approx - Renovated Oak like timber floors, new kitchen stone bench tops, new AC in living and master, new carpets and new vanities in bathrooms - Generously sized master and second bedroom which fit easily a king-size bed - Very active body corporate community with 68% owner occupied - Low maintenance walkup complex with no pool, gym or lifts - Proximity to Gasworks (Total Fusion, Baker D. Chirico, Woolworths flagship store, Standard Market and many more), James Street, Powerhouse and New Farm Park, Howard Smith Wharves and the CBD.
RealistIQ deal score
Neutral value signal
0
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 204/28 Masters Street, Newstead before you inspect or make an offer.
Independent price check
RealistIQ estimate available
Market price guide unavailable for this listing.
12-month Property Outlook
What could this property be worth in 12 months if the local trend continues?
See Momentum and Stable modelled scenarios for this property.
Unlock PlusSee the 12-month outlook for this property.
From $29.90/month. Cancel anytime.
Before you inspect, check what similar properties actually sold for.
Unlock Plus to see the full list of comparable sales
Property features
Features detected from the listing details.
Comfort
Outdoor & building
Lifestyle & views
Listing details
- Status
- Under Contract
Agent and agency
Unlock Plus to see the full list of comparable sales