77 Storr Circuit, Goodna QLD 4300

77 Storr Circuit, Goodna QLD 4300
77 Storr Circuit Goodna | 4-bedroom free-standing house | vacant and ready | flood overlay but elevated site | school-catchment positioned This property presents a rare buying opportunity in Goodna: a vacant, move-in-ready house on a 470mยฒ lot with fibre-to-the-premises connectivity and a floorplan that, at 162mยฒ, exceeds the street average. The four-bedroom, two-bathroom configuration with two car spaces serves families targeting the Bellbird Park State Secondary College catchment and Goodna State School within walking distance. Its position on a circuit away from main roads reduces noise exposure, while the 44-metre elevation mitigates the flood overlay risk that often deters buyers in this part of Ipswich. The property suits an owner-occupier seeking immediate occupancy or a buy-and-hold investor aiming for the $560โ€“$670 weekly rent range with minimal upfront vacancy cost. The flood overlay is the primary negotiating lever โ€” though the site sits above typical inundation levels, the designation alone can suppress resale demand and lengthen holding periods. Buyers should factor a 5โ€“10% discount relative to unencumbered comparables like 76 Storr Circuit, which trades at $860kโ€“$920k without overlay flags. On the opportunity side, the vacant status removes settlement delays and allows immediate rental income or personal use, while the 25% building coverage leaves room for future rear extensions or a shed, subject to council approval. The most sensible strategy is to purchase at or below the $800k low-range estimate, hold for five years to outlast the overlay stigma, and either occupy or rent until the suburb’s median growth trajectory lifts the property into the $900k bracket.

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

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Market Insight:

Goodna is experiencing a high-growth phase, with median house prices rising approximately 20% annually and units surging over 40%, indicating strong investor and first-home buyer interest. Demand is driven by robust sales activityโ€”188 houses sold in a yearโ€”and a tight rental market where rents are rising sharply. Properties move quickly, with houses averaging just 15 days on market. Future growth is underpinned by this strong transactional momentum, though the market’s rapid price escalation suggests potential sensitivity to affordability constraints and interest rate changes.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

470mยฒ

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