13 Gunn Street, Kearneys Spring QLD 4350
13 Gunn Street, Kearneys Spring QLD 4350
Detached house on large block | Family-oriented suburb | Strong owner-occupier demand | Pool and solar included | School catchment options
This property presents as a classic family house in a stable, established pocket of Kearneys Spring. The configuration—three bedrooms, single bathroom, and generous land—positions it well for buyers seeking space without the upkeep of newer, higher-density developments. The inclusion of a pool and solar system adds practical appeal, particularly for owner-occupiers who value outdoor living and reduced energy costs. Given the suburb’s mix of detached homes and townhouses, this house stands out for its land component, which is increasingly scarce in newer infill areas. It serves best a family buyer or a long-term owner-occupier looking for a solid, functional home in a convenient location.
The value of this house may be influenced by its renovation potential, as the age and condition of the original structure could require updates to meet modern expectations. The single bathroom might be a limitation for some families, though it also presents an opportunity to add value through future extension. The large block could support subdivision or dual-occupancy development, subject to council approval, which may appeal to investors or buyers with a longer-term outlook. Market conditions in the suburb have shown steady growth, but the final price will depend heavily on how the property’s condition compares to more recently updated homes in the area.
|| Comparable Sales: 11 Gunn Street sold at $320,000 in 2017; 2/390 West Street townhouse sold December 2021 | Property Price Band: $700,000–$800,000 | Value Drivers: Land size, renovation potential, pool and solar as lifestyle additions
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Gunn Street, Kearneys Spring QLD 4350
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Kearneys Spring is a mid-priced Toowoomba suburb with a median house price of $795,000 and annual growth of 17.78%, while units rose 22.42% to $542,925. Houses clear in 13 days on average, confirming intense buyer competition. Professional higher-income households dominate demand, supported by rising household earnings. Investors are drawn by gross yields of 4.10% for houses and 4.31% for units, backed by weekly rents of $560 and $450. A liquid market saw 171 house sales over the year. Yet the demand-supply balance points to healthy conditions without strong upward price drivers; expect prices to flatten or rise modestly after the recent surge. Affordability is the chief constraint, though the aggregate median price remains below the state average, softening rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 11 Gunn Street sold at $320,000 in 2017; 2/390 West Street townhouse sold December 2021 | Property Price Band: $700,000–$800,000 | Value Drivers: Land size, renovation potential, pool and solar as lifestyle additions
Bedrooms
4
Bathroom
1
Parking
3
Land
654m²
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