2/37 Hurse Street, Chinchilla QLD 4413
2/37 Hurse Street, Chinchilla QLD 4413
3-bed 3-bath unit with three ensuites | premium finishes throughout | strong rental appeal for sharers | rare freestanding outdoor bath | compact low-maintenance footprint
This unit stands apart from typical Chinchilla stock through its three-ensuite configuration, which is genuinely uncommon in the local market and makes it highly functional for shared households, workers, or multi-generational buyers seeking privacy. The Caesarstone benchtops, new oven, fresh paint, new carpets, and security screens lift it well above entry-level specification, while the polished timber decking, sail shades, and fully fenced courtyard create usable outdoor space that feels private despite the compact land component. The freestanding outdoor bath with hot and cold water is a distinctive feature that adds a lifestyle element rarely found in this price range. This property best suits an investor targeting premium rental yields or an owner-occupier downsizer wanting modern finishes without maintenance burden.
The rental estimate of $480–$500 per week sits well above typical unit returns in the area, which may reflect the superior specification but could also narrow the tenant pool to those willing to pay a premium. The three-bathroom layout reduces flexibility for traditional family buyers who might prefer a fourth bedroom or larger living area, and the small land component limits future redevelopment potential. The absence of confirmed building age or strata details means buyers should verify construction quality and body corporate arrangements before committing. The slower unit turnover compared to houses locally suggests resale may take longer, though the distinctive configuration and finish could attract a specific buyer willing to pay for what is offered.
|| Comparable Sales: 2/13 Hurse Street sold $265,000 Nov 2024; 2/17 Barnsley Street comparable brick unit sold 2022 | Property Price Band: $300,000–$400,000 | Value Drivers: three-ensuite layout, premium kitchen finishes, outdoor bath feature, presentation quality
Detailed Independent Property Report prepared by PropCred Analyst team for 2/37 Hurse Street, Chinchilla QLD 4413
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Chinchilla, in Queensland’s Western Downs, sits at the intersection of agriculture and gas extraction along the Warrego Highway. Demand is led by young families and local workers in farming and resources, with investors drawn to gross yields of 5.63% for houses and 6.24% for units. Median house price is $466,500, up 21.17% annually; units sit at $330,000, up 22.68%. Houses sell in a median 16 days on 214 annual sales, reflecting thin inventory of roughly 10–12 listings per month. Future growth hinges on continued gas-field employment and infrastructure links, but rapid price appreciation has outpaced wage growth, interest-rate sensitivity is elevated given investor reliance on yield, and limited supply constrains depth. School catchment includes Chinchilla State School and State High School, with St Mary’s as private option.
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PropCred Estimated Value
Comparable Sales: 2/13 Hurse Street sold $265,000 Nov 2024; 2/17 Barnsley Street comparable brick unit sold 2022 | Property Price Band: $300,000–$400,000 | Value Drivers: three-ensuite layout, premium kitchen finishes, outdoor bath feature, presentation quality
Bedrooms
3
Bathroom
3
Parking
2
Land
162m²
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