144 Chermside Road, Basin Pocket QLD 4305
144 Chermside Road, Basin Pocket QLD 4305
3-bed detached house | 622 m² block | off-market listing | Ipswich East State School catchment | established inner-Ipswich suburb
This property offers a straightforward entry into Basin Pocket’s detached-house market, where blocks of this size are typical but not oversupplied. The 622 m² allotment provides practical outdoor space and future flexibility—room for a shed, garden, or potential extension—without the maintenance burden of larger holdings. Its alignment with Ipswich East State School and Bremer State High School strengthens appeal for families prioritising schooling convenience, while the suburb’s proximity to Ipswich CBD and established transport corridors makes it viable for commuters. The house suits owner-occupiers seeking a solid, unrenovated base to add value, or investors targeting stable rental demand in an older, well-located pocket. Given the off-market status, negotiation leverage may favour a buyer prepared to act decisively.
The property’s value will hinge on its actual condition, which remains unverified—original interiors, dated kitchens or bathrooms, and roofing or structural age could require significant capital outlay, potentially narrowing the buyer pool. Conversely, if the dwelling presents reasonably well with modern essentials, its price may align closer to recent sales of similar-sized homes in the area. The lack of confirmed flood overlay is a positive signal, though due diligence on this front remains prudent given the suburb’s low-lying geography. Buyers should weigh renovation costs against comparable transacted prices, especially since the block’s moderate size limits subdivision potential, keeping value tied to the dwelling itself rather than land speculation.
|| Comparable Sales: 27 Bremer Parade sold $603,000; 32 Davidson Street sold $666,888 | Property Price Band: $600,000–$700,000 | Value Drivers: condition, land size, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 144 Chermside Road, Basin Pocket QLD 4305
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Basin Pocket, 40km west of the Brisbane CBD in Ipswich, is a constrained market with strong buyer competition. A high rental population and a 0.22% vacancy rate underpin tenant demand, while houses sell in 14–24 days. The median house price is $641,500, reflecting 13.3% annual growth and 23% in recent periods; gross yields of 4.6–4.8% support investor activity. Annual sales volumes are low at 24–29 houses, intensifying scarcity. Future upside rests on Ipswich’s $73.6m Residential Activation Fund to unlock 26,100 lots and population growth, but a persistent shortfall—5,000 homes needed yearly versus actual construction—is the key risk.
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PropCred Estimated Value
Comparable Sales: 27 Bremer Parade sold $603,000; 32 Davidson Street sold $666,888 | Property Price Band: $600,000–$700,000 | Value Drivers: condition, land size, school catchment proximity
Bedrooms
3
Bathroom
1
Parking
4
Land
622m²
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