20 Augusta Street, Aspley QLD 4034

20 Augusta Street, Aspley QLD 4034
3 beds, 1 bath, pool, 601m² | 35% building coverage, low site risk | Bushfire and flood overlays present | Comparable sold for $1.315M nearby The property’s primary buying case rests on its 601m² block with only 35% building coverage, offering significant future redevelopment potential in a tightly held Aspley pocket. The swimming pool and three-car accommodation provide immediate lifestyle utility, while the NBN FTTP connection adds a modern convenience. This property best suits a buyer seeking a solid family home with the option to renovate or subdivide later, given the low coverage ratio and absence of heritage restrictions. The detected bushfire and flood overlays introduce material risk that will affect insurance premiums and may limit some financing options, requiring due diligence on historical flood data. The single bathroom is a functional constraint for families, but the comparable sale at 2 Augusta Street confirms strong capital growth in the immediate street. The property should be held as a long-term family residence or strategic land bank, with subdivision potential as the primary exit pathway.
Detailed Independent Property Report prepared  by PropCred Analyst team for 20 Augusta Street, Aspley QLD 4034
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Aspley is a well-connected, family-oriented suburb experiencing robust capital growth, driven by strong demand from professionals and families attracted to its excellent schools and parklands. The market is characterised by fast-paced sales and low vacancy rates, indicating sustained buyer competition. Future growth is underpinned by this high demand and limited new listings, though affordability pressures may emerge as a key constraint given the rapid price appreciation.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

3

Land

607m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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