5 Pryor Place, Emerald QLD 4720
5 Pryor Place, Emerald QLD 4720
4-bed split-level | dual living zones | leased to 2027 | cul-de-sac near CBD | investor-family crossover
This house holds a genuine edge in Emerald’s family market: four bedrooms, two bathrooms, and a flexible lower level that works as a rumpus, study, or guest space—rare in a street where most stock stops at three bedrooms and one bathroom. The covered entertaining area extends living outward, and the quiet cul-de-sac position, walkable to schools and the CBD, strengthens appeal for both owner-occupiers and renters. Its current tenancy, locked in until April 2027 with a scheduled rent increase, offers immediate income certainty, making it a practical choice for an investor seeking established demand without renovation risk.
Value may be shaped by the single-car garage, which limits appeal for multi-vehicle households, and by the absence of confirmed land size or build age, which could affect how it compares to newer or larger blocks nearby. The split-level layout suits families but might deter those seeking single-level convenience. Rental growth to $580 per week by late 2026 suggests income upside, yet the price band should reflect that the property’s strength lies in configuration and location rather than premium finishes or expansive grounds.
|| Comparable Sales: 12 Pryor Place sold near $399K (3-bed, 1-bath) | 5 Edwards Place sold near $529K (4-bed, 2-bath, 4-car) | Property Price Band: $500K–$600K | Value Drivers: flexible lower-level layout, cul-de-sac location, existing tenancy with rent increase
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Pryor Place, Emerald QLD 4720
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Emerald, Queensland, is a regional centre with 14,904 residents and a young skew, the dominant cohort under 10. Houses have climbed to a median of $501,000, with annual growth of 19.4 per cent, while units rose 27.3 per cent to $324,500. Sales volume is strong at 563 houses in 12 months, and homes sell in about 16 days, reflecting tight supply. Rental yields of 5.7 per cent for houses and 7.3 per cent for units, alongside weekly rents of $580 and $430, are drawing investors seeking income and capital growth. Demand is underpinned by Queensland’s infrastructure pipeline and 2032 Olympics confidence, plus affordability relative to southern capitals. The main constraint is low inventory, which keeps competition sharp and limits entry options for buyers.
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PropCred Estimated Value
Comparable Sales: 12 Pryor Place sold near $399K (3-bed, 1-bath) | 5 Edwards Place sold near $529K (4-bed, 2-bath, 4-car) | Property Price Band: $500K–$600K | Value Drivers: flexible lower-level layout, cul-de-sac location, existing tenancy with rent increase
Bedrooms
4
Bathroom
2
Parking
1
Land
635m²
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