13 Michel Road, Scarborough QLD 4020

13 Michel Road, Scarborough QLD 4020
Generous 918sqm block in tightly-held Scarborough | walkable to two waterfronts | mineral pool and large shed | strong owner-occupier street character The buying case rests on the rare combination of a 918sqm block in a quiet, high-owner-occupier street within 500 metres of the foreshore. The 6×9 metre shed, separate concrete pad for a boat or caravan, and clear side access give this property a configuration edge for buyers who need storage, workshop space, or the flexibility to park recreational vehicles off-street. The mineral pool and outdoor deck add lifestyle appeal without the maintenance burden of a traditional pool. This property best suits a buyer seeking a long-term coastal home with room to add value through a future renovation or extension, given the 1950s structure and original kitchen. The 64% owner-occupier rate in Scarborough and 90% on this street signal stable demand and limited turnover, which supports capital preservation. The primary risk is the single bathroom, which may limit appeal for families or future resale to buyers expecting a second bathroom in this price band. The 1950s construction means potential for ageing plumbing, electrical, or insulation issues that a pre-purchase inspection should clarify. The opportunity lies in the utility room, which can be presented as a fourth bedroom or home office, and the 918sqm block offers subdivision potential subject to council approval, though no feasibility work has been assumed. The off-market listing and medium-confidence price band suggest the seller may be testing appetite rather than committed to a firm price, giving a buyer room to negotiate if comparable sales support a lower entry.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 13 Michel Road, Scarborough QLD 4020
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Market Insight:

Scarborough offers a coastal lifestyle underpinned by strong, dual-track growth. House values have risen up to 18% in the past year, while units have surged over 20%, driven by robust sales activity. Demand is anchored by an established, older demographic and is broadening to include young professionals and downsizers seeking units. This is creating a dynamic market with houses selling in approximately 40 days and units offering higher rental yields. Future performance will hinge on maintaining this broad demand base amid sustained affordability pressures.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

918mยฒ

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