17 Elsey Circuit, North Lakes QLD 4509

17 Elsey Circuit, North Lakes QLD 4509
4 bed | 2 car | 400 mยฒ | family catchment | rental yield near 4% This house offers a configuration edge on its street, with four bedrooms and two car spaces on a 400-square-metre lot that is larger than several nearby examples. It sits within a low-density, family-oriented pocket of North Lakes, served by Bounty Boulevard State School and North Lakes State College catchments. The property is best suited to an owner-occupier family seeking a modern detached house in an established residential setting, though the rental yield signals from the streetโ€”around 4.26 percentโ€”also make it viable for an investor targeting mid-to-high $600s to $700 per week in rent. The sale price may be influenced by how the building age and internal fitout compare to the streetโ€™s recent transaction at $855,000, as no details on finishes or upgrades are available. The land size and bedroom count give it a premium over smaller same-street products, but any condition or layout shortcomings could narrow that gap. A buyer should weigh the absence of disclosed overlays or hazards against the need for a physical inspection to confirm the propertyโ€™s true condition and appeal.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 17 Elsey Circuit, North Lakes QLD 4509
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Market Insight:

North Lakes is a high-growth, family-dominated suburb, with 53% of households being couples with children. Demand is driven by this demographic seeking affordable, family-friendly living, evidenced by houses selling in just 14-16 days. The market is exceptionally strong, with house prices up 10.4% and unit prices surging 25.8% over the past year. Future growth is underpinned by sustained rental demand, with unit rents rising 22.6%, though the median house price of $982,500 presents a key affordability constraint relative to local incomes.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

400mยฒ

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