55 Tarm Street, Wavell Heights QLD 4012
55 Tarm Street, Wavell Heights QLD 4012
Established family house | Mid-century character likely | Elevated northside position | Renovation or rebuild potential | Strong owner-occupier demand
This property sits within Wavell Heights’ core stock of post-war detached homes, where land value and character drive buyer interest more than the dwelling itself. Its likely mid-century construction, timber floors, and elevated breezy aspect align with what local families and renovators actively seek. For an owner-occupier wanting a solid base in a tightly held inner-north suburb, this house offers the rare combination of established charm, generous block size, and proximity to schools, parks, and transport. The configuration suits those planning to live in it while gradually updating, or holding for future extension.
Value may hinge on the exact land dimensions, orientation, and condition of the original structure. A north-facing block with usable yard space typically commands a premium, while a dated interior or awkward layout might require budget for renovation. The absence of confirmed bed and bath counts means the effective living area remains a key unknown. Buyers should weigh whether the property’s current form supports immediate occupation or demands capital injection, as this directly influences price expectations. The suburb’s low rental yield relative to house prices suggests the market rewards long-term capital growth over rental income.
Detailed Independent Property Report prepared by PropCred Analyst team for 55 Tarm Street, Wavell Heights QLD 4012
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Wavell Heights, ~10,300 residents, is a family suburb of detached homes. Demand comes from 30-39 year-old professionals in high-income households; over a quarter of residents are under 18. House prices are around $1.58M, with 12-month growth of 12.7-19.9%, though one source shows a fall to $1.16M. Units range from $721K to $787K, with growth of 1.7-21%. Houses sell in 25-38 days, often above asking; units in ~30 days. Rental yields are 2.72% for houses and 3.9% for units. Future growth is supported by proximity to amenities and houses selling above asking; risks include affordability and rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 38 Maggs Street sold $1.28M; 32 Aveling Street comparable character home | Property Price Band: $1.1M–$1.3M | Value Drivers: land size, orientation, renovation condition
Bedrooms
2
Bathroom
1
Parking
1
Land
711m²
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