28 Marathon Street, Proserpine QLD 4800
28 Marathon Street, Proserpine QLD 4800
Corner block dual access | Walk-to-town position | Refurbished interior | Compact 2-bed | Older fibro construction
A rare combination is found in this walk-to-town corner block with dual street access, providing a detached 1960s house on 506m². The interior has been fully refurbished, with kitchen, bathroom, timber floors, robes and air conditioning all renewed, so the house is presented in move-in condition. A fenced yard, shed and greenhouse complete the offer. Within Proserpine’s older housing stock, this house is positioned as one of the more practical lowset options, given its single-level layout and closeness to services. It is best suited to first-home buyers and downsizers who value convenience and low upkeep, and to investors looking for a centrally located rental.
Value may be supported by refurbishment quality and corner dual access. However, demand might be tempered by the compact 2-bed layout and fibro exterior. Price growth could be limited by the modest land size and older build. A move-in-ready house should be weighed against a smaller footprint and dated external walls.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Marathon Street, Proserpine QLD 4800
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Proserpine QLD 4800, in the Whitsundays region, is a mainland gateway to the Coral Sea and Great Barrier Reef’s 74 islands. Demand is driven by an undersupplied rental market, lifestyle access, and lower 2025 interest rates. The regional median house price reached $900,000 in Q4 2025, up 14.8% annually; units rose 22.3% to $560,000. House rents average $850 weekly after 9.7% annual growth, with a 4.9% gross yield. However, the number of houses rented fell 17.6% to 56, reinforcing supply constraints. With no new ready-to-sell houses planned in 2026, future growth rests on sustained undersupply; key risks are affordability pressures and rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 4/16 Marathon Street (townhouse) sold at $575,000 | Property Price Band: $350K to $450K | Value Drivers: refurbished condition, corner dual access, compact layout
Bedrooms
2
Bathroom
1
Parking
2
Land
506m²
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