5 Park Close, Hillcrest QLD 4118
5 Park Close, Hillcrest QLD 4118
4 bed family house | 450m² block | $854k value signal | strong rental demand | quiet court pocket
This is a solid family-oriented house in a quiet residential pocket of Hillcrest, built for practical suburban living rather than showpiece appeal. The four-bedroom, one-bathroom configuration on a 450m² block suits first-home buyers and young families who want a detached house with room to grow, plus investors chasing reliable rental demand — the estimated $605–$650 per week rental range confirms the area’s appeal to tenants. The property sits in established low-density streets with nearby schools, parks, and shopping, and the court-style location implies minimal through-traffic, which adds to its family-friendly character. Its strength is not in standout features but in delivering exactly what the typical buyer in this pocket wants: a functional floor plan, manageable outdoor space, and a location that supports everyday needs without premium pricing.
The value picture may hinge on the property’s internal condition and any recent updates, since the one-bathroom layout could limit appeal for some buyers compared to two-bathroom competitors. The modest block size may constrain future extension potential, though it keeps the entry price accessible. Buyers should weigh whether the estimated value aligns with the actual finish level, as unrenovated stock in this area may require budget for upgrades. The absence of flood or bushfire overlays is a quiet positive, reducing insurance and risk concerns.
|| Comparable Sales: 21 Park Close sold $475,000; 23 Park Close sold $405,000 | Property Price Band: $800K–$900K | Value Drivers: condition, land size, layout functionality
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Park Close, Hillcrest QLD 4118
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Hillcrest, in Brisbane’s southern corridor, appeals to young families and professionals via mid-range prices and strong growth. Houses rose 11-12% annually, with medians from $760,000 to $884,000; units climbed 15-31%, signalling investor demand. The market turns quickly: houses sell in 15-31 days on 117-118 annual sales, and unit yields (5.01%) outpace houses (3.94%). House rents grew 8.1-8.5% annually. Risks: house yields are roughly 15% below Brisbane’s average and price growth trails the city by 30%, pointing to affordability and rate sensitivity. Limited unit turnover (5-38 sales) suggests supply constraints. Infrastructure is standard suburban, leaving future gains tied to broader Brisbane affordability dynamics.
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PropCred Estimated Value
Comparable Sales: 21 Park Close sold $475,000; 23 Park Close sold $405,000 | Property Price Band: $800K–$900K | Value Drivers: condition, land size, layout functionality
Bedrooms
4
Bathroom
1
Parking
1
Land
450m²
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