259 Alma Street, Rockhampton City QLD 4700
259 Alma Street, Rockhampton City QLD 4700
Renovated inner-city character | Compact 339m² block | High rental yield potential | Bedroom count discrepancy | CBD-edge convenience
What stands out here is the combination of a genuinely renovated interior and a compact, low-maintenance footprint in an inner-city location. The new kitchen, updated bathroom, polished timber floors, and air conditioning mean the costly work is already done, which is rare for a house of this era and size. Positioned close to the CBD, schools, and the Fitzroy River, it serves best an investor seeking strong rental returns or a first-home buyer wanting character without the upkeep of an unrenovated property. The rear access and fully fenced yard add practical appeal, while the reported rental range suggests solid demand from tenants prioritising central access. This is a property that competes on convenience and condition, not space.
The main point to weigh is the inconsistency between the two-bedroom profile data and the three-bedroom description in the listing copy, which may reflect a genuine post-renovation configuration or a marketing discrepancy. That difference could meaningfully affect how the property is valued and who it appeals to. The compact land size limits expansion potential, and the mixed zoning character of the immediate corridor—including nearby industrial and commercial parcels—may influence streetscape appeal for some buyers. The recent December 2023 sale at $165,000 provides a clear baseline, but the extent of reported improvements since then suggests the current price band should be considered against the quality of finishes rather than the previous transaction alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 259 Alma Street, Rockhampton City QLD 4700
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Rockhampton City, a regional employment hub with a population near 84,000, is seeing demand from intra-regional movers and investors active around $600,000 to $650,000. Median house price is $623,000 after 19.5% annual growth, with 352 sales. Conditions are exceptionally tight: vacancy is 0.9% and supply sits at 0.2 months, or 98 listings. Major infrastructure and residential corridors underpin growth, with population forecast to approach 100,000 by 2041. Affordability is a constraint in premium suburbs such as Parkhurst, where medians reach the mid-700s, though several suburbs remain below $500,000. Broader economic conditions remain a sensitivity.
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PropCred Estimated Value
Comparable Sales: 84 Alma Street sold at $305,000; 5 Alma Street marketed around $420/week rent | Property Price Band: $280,000–$380,000 | Value Drivers: Renovation quality, bedroom configuration clarity, rental yield potential
Bedrooms
2
Bathroom
1
Parking
-
Land
339m²
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