15 Turrana Street, Stafford QLD 4053
15 Turrana Street, Stafford QLD 4053
Detached character house | Established family pocket | Strong school and commuter demand | Renovation upside likely | Standard suburban lot
This property sits within a quiet, house-dominated stretch of Stafford where period charm and practical family living are the norm. The street’s older detached homes, many with timber floors, leadlight windows, and generous yards, attract buyers seeking character without sacrificing convenience. For a family or renovator, this house offers the rare combination of established suburb appeal and scope to add value through modernisation. Its likely position on a mid-sized lot, with potential for dual access or rear garage, makes it a solid choice for those wanting space, privacy, and a short commute to the city or airport.
Value here may hinge on the condition of the original fabric and the extent of any prior updates. A renovated kitchen or bathroom could lift appeal significantly, while an untouched interior might require capital outlay. The block’s dimensions and frontage may also influence future options, such as subdivision or a larger rebuild, subject to council approval. Buyers should weigh the cost of upgrades against the premium already attached to character homes in this pocket. Rental demand appears steady, supported by local schools and retail, which may interest investors seeking long-term hold potential.
|| Comparable Sales: 28 Turrana Street sold July 2021 via private treaty; 1 Turrana Street marketed around $1.1M–$1.27M | Property Price Band: $1.1M–$1.2M | Value Drivers: Renovation condition, land size, street presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Turrana Street, Stafford QLD 4053
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Stafford is an established inner-north Brisbane suburb where demand is driven by young professionals and childless couples, supported by CBD proximity, a strong owner-occupier base, infrastructure upgrades and interstate migration. The median house price is $1.3 million per recent data, though other sources range from $986,000 to $1.16 million, with annual growth conflicting between -5.9% and 17%. Units sit at $514,883, growing 9.0%. Houses sell quickly, averaging 25 days on market, with 89–110 sales in the past year. Rents are $620 weekly for houses and $535 for units, yielding 3.43% and 5.69% respectively. Future growth is underpinned by scarce supply—Stafford is nearly landlocked—and renovation-led gentrification. The key risk is rate sensitivity and divergent price signals; one series shows a 13.4% annual decline, another 17% growth, indicating a nuanced market.
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PropCred Estimated Value
Comparable Sales: 28 Turrana Street sold July 2021 via private treaty; 1 Turrana Street marketed around $1.1M–$1.27M | Property Price Band: $1.1M–$1.2M | Value Drivers: Renovation condition, land size, street presentation
Bedrooms
3
Bathroom
1
Parking
2
Land
407m²
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