17 Limerick Drive, Crestmead QLD 4132
17 Limerick Drive, Crestmead QLD 4132
862m² block | 1985 brick house | solar & shed | family-oriented street | no overlay risk
This is a competitively rare configuration for Crestmead: an 862m² parcel carrying a solid, single-level 1985 house with practical upgrades already in place—air conditioning, solar, secure parking, a shed, and a fully fenced yard. Most comparable houses in the suburb sit on noticeably smaller blocks, so the land here offers genuine flexibility for a family wanting room for vehicles, storage, or future outdoor living without taking on a renovation project. The property suits a value-driven owner-occupier, particularly a household with children or tradespeople needing space, rather than an investor chasing high yield or a buyer seeking premium finishes.
The value picture is shaped by land size and condition relative to street-level demand. The house itself is functional but not modern, so a buyer might factor in updating kitchens or bathrooms over time, though nothing in the available information suggests urgent structural work. The absence of flood, bushfire, or heritage overlays removes common discounting pressures, and the established, quiet street character supports stable resale appeal. A buyer should weigh whether the larger block justifies a premium over nearby sales, and whether the practical improvements offset the dated interior. The property’s strongest lever is its land; its mild constraint is the 1985-era presentation.
|| Comparable Sales: 16 Limerick Drive sold $690k; 38 Limerick Drive sold $752k | Property Price Band: $700k–$800k | Value Drivers: land size, practical improvements, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Limerick Drive, Crestmead QLD 4132
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Crestmead’s house market shows a median price of $775,000, up 13.55% annually; other sources range from $750,000 to $780,000. Homes sell in 12–19 days, with 210 sales over the past year, indicating high buyer demand. Affordability and proximity to amenities drive interest from middle-income families and investors. House yields are 4.06%, with median weekly rent of $580, up 4.7%. The unit segment is the key risk: median prices fell 14.58% to $682,500, with minimal sales activity, implying oversupply or weak demand. This could temper overall confidence despite solid house fundamentals. Future growth hinges on sustained affordability and buyer appetite, but the inactive unit market remains a constraint.
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PropCred Estimated Value
Comparable Sales: 16 Limerick Drive sold $690k; 38 Limerick Drive sold $752k | Property Price Band: $700k–$800k | Value Drivers: land size, practical improvements, street position
Bedrooms
3
Bathroom
1
Parking
3
Land
862m²
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