28 Drewett Avenue, Redbank Plains QLD 4301

28 Drewett Avenue, Redbank Plains QLD 4301
High coverage ratio | No flood or fire overlays | Fibre internet installed | Long term growth corridor The property sits on a 320 square metre lot that is 56 per cent built out, which limits scope for extension without council approval and places a premium on the existing internal space. The absence of flood, bushfire or heritage overlays removes surprise compliance costs many buyers face in this corridor, while the 1.5 metre site elevation and fibre broadband improve its holding quality for an owner occupier or a tenant. For a buyer this is a calculated holdβ€”low risk on insurance and utility, but limited upside from land appreciation alone unless the suburb’s density shifts upward. What makes this house competitive is the 178 square metre internal footprint, which is generous for a three bedroom on this land size, and the combination of air conditioning, built in robes and a fully fenced yard that reduces immediate outlay after purchase. The school catchment and established street with 44 properties gives a buyer a known rental baseline near $585 per week, which favours a first homeowner or an investor seeking a predictable tenancy rather than speculative redevelopment. The next move is to compare the current asking against recent settled sales in Fernbrooke or Redbank Plains High zones to confirm margin.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Redbank Plains is a high-growth, family-oriented suburb positioned as an affordable entry point, with a median house price 11% below the state average. Demand is driven by young families, evidenced by 46% of households being couples with children and 36% of the population under 19, seeking 4-bedroom homes which dominate sales. The market is active and competitive, with median house prices rising 15.4% annually and properties selling in approximately 27 days. Future growth is supported by strong rental demand (58% renting), though this high investor presence and rate sensitivity present a key market constraint.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

320mΒ²

Assessments Delivered Today

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