89 Piccone Drive, Edmonton QLD 4869
89 Piccone Drive, Edmonton QLD 4869
Large 710sqm block | 4-bedroom flexibility | strong owner-occupier street | undervalued relative to estimated value
This property sits on an unusually generous 710sqm lot in a street with 90% owner-occupiers, which signals low turnover and stable long-term value. The fourth bedroom configured as an office with split-system air conditioning gives it genuine appeal for remote workers or families needing a dedicated study,a rare feature in this price bracket. With the master suite offering ensuite and substantial robe storage, the house competes well against newer builds while sitting on land that is increasingly scarce in Edmonton. It best suits a buyer who values space, privacy, and a street profile that attracts neighbours who maintain their properties.
The key risk here is that the asking range sits below the estimated value of $890,000, which may indicate deferred maintenance or a motivated seller, but it also creates negotiation room if you can identify what needs attention. The 2020 sale at $460,000 means the vendor holds significant equity and may accept a faster settlement over a higher price. With Edmontonโs median days on market at just 10 days, this property will not linger. Buy it to hold,renovation upside exists, but the real return comes from land appreciation in a tightly held street.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 89 Piccone Drive, Edmonton QLD 4869
Market Insight:
Edmonton presents as a high-growth satellite suburb of Cairns, with demand driven by families and investors attracted by its robust capital appreciation and strong rental yields. The market is characterised by rapid house price growth and exceptionally low days on market, indicating intense buyer competition. Future performance is underpinned by its regional connectivity, though affordability constraints and supply levels relative to sales activity warrant close observation.