58 Alexander Street, Macleay Island QLD 4184
58 Alexander Street, Macleay Island QLD 4184
Large 1,300 m² block | 3-bed, 1-bath house | island lifestyle | entry-level price point | land-led value
Most of the property’s appeal is tied to its land component. A holding of roughly 1,300 m² with a detached three-bedroom house is not commonly found on Macleay Island, where much of the housing stock is built on smaller parcels. That combination is considered a genuine edge for buyers who want a straightforward house with generous outdoor space, possible garden or shed areas, and a sense of openness that is harder to find on the mainland at this price level. The property is best suited to owner-occupiers looking for an island base, down-sizers seeking space, or investors who appreciate that land-led housing tends to hold demand over time. In a suburb where older, value-oriented houses are typical, this one sits comfortably within the established character while offering a larger footprint than most.
The value of this property may be influenced by the modest dwelling configuration. With three bedrooms and only one bathroom, the house may not suit larger families, and that could limit buyer demand. The condition of the building, the layout of the internal spaces, and the usability of the large block should be weighed carefully. Environmental overlay constraints are known to affect parts of this street area, so the specific status of this lot might be a factor in pricing. The opportunity to improve or extend the house could add value, but that would need to be confirmed against the current building footprint and any planning requirements. Overall, the price is likely to be guided by how much weight a buyer places on land size versus the need for modernised living space.
Detailed Independent Property Report prepared by PropCred Analyst team for 58 Alexander Street, Macleay Island QLD 4184
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Macleay Island is a ferry-linked island suburb where demand is driven primarily by older couples without children, most owning homes outright, and a workforce concentrated in trades. The recent 12 months saw house prices rise 18.9%, with medians ranging from $510,000 to $575,000, while rents grew 5.4% to $485 weekly and gross yields sat at 4.72%. Sales volume was robust at 174–183 transactions, yet supply is exceptionally tight: only 14 properties were for sale and 2 for rent in the latest month. Growth drivers rest on island lifestyle appeal and constrained stock, but affordability is the key constraint; median household income is low, limiting how much further prices can stretch, while reliance on ferry transport and absence of road or rail links cap broader buyer appeal.
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PropCred Estimated Value
Comparable Sales: a 3/1/4 house on 655 m² in the same street sold for $520,000 | Property Price Band: $600K-$700K | Value Drivers: land size, condition of the house, single-bathroom layout
Bedrooms
3
Bathroom
1
Parking
2
Land
1305m²
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