2 Perkins Court, Gracemere QLD 4702
2 Perkins Court, Gracemere QLD 4702
Detached low-set house | Family configuration likely 4/2/2 | Standard 600–800m² suburban lot | Quiet court location | Mainstream Gracemere stock
This property sits squarely within Gracemere’s most demanded housing format: a detached, single-level family house on a mid-size suburban block. That configuration is competitively strong because it matches what the broadest pool of local buyers—owner-occupier families, upgraders, and investors—actively seek. The court position adds a practical advantage: reduced through-traffic, a safer environment for children, and a sense of enclosure that standard street-frontage homes lack. For a buyer wanting a straightforward, low-maintenance family property with solid rental appeal and room to personalise, this house serves that purpose well. It is not premium or unique, but its ordinariness is its strength—predictable demand, easy comparability, and a wide resale market.
Value may be shaped by the land-to-house balance, as blocks in this range typically allow for future shedding, landscaping, or extension potential. The condition of the existing structure and its finish quality—whether brick, cladding, or updated interiors—might influence how quickly it sells and at what premium over the street baseline. A property with solar, fencing, and a double garage could command a modest edge, while dated interiors may require price adjustment. Buyers should weigh the property’s current presentation against the cost of bringing it to their preferred standard, and consider that court locations often hold value marginally better than main-road equivalents.
|| Comparable Sales: 12 Premier Court sold 2019 at $320,000; 16 Sylvana Avenue listed at $345,000 | Property Price Band: $300,000–$400,000 | Value Drivers: land size, condition, court position, garage and fencing
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Perkins Court, Gracemere QLD 4702
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Gracemere, a regional Queensland suburb near Rockhampton, has a young demographic: the largest age group is under nine, and most households are couples with children in trades, with 58.6% owner-occupied. House prices have climbed about 21-22% annually to a $610,000-$640,000 median, selling in 9-12 days with 313 sales in the past year. Weekly house rents of $550 support a 4.74% gross yield; units yield 5.71%, though unit activity is thin. Population grew 6.3% from 2016 to 2021, signalling demand, and the suburb spans 70 square kilometres with 13 parks. Risks include affordability constraints—incomes are moderate against prices—and limited unit supply, which may temper future growth.
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PropCred Estimated Value
Comparable Sales: 12 Premier Court sold 2019 at $320,000; 16 Sylvana Avenue listed at $345,000 | Property Price Band: $300,000–$400,000 | Value Drivers: land size, condition, court position, garage and fencing
Bedrooms
4
Bathroom
2
Parking
2
Land
654m²
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