2-4 Mclean Street, Gulliver QLD 4812
2-4 Mclean Street, Gulliver QLD 4812
3 bed house on 801m² | older character stock | strong rental demand | renovation upside | established suburb
This property offers a rare combination of a spacious 801m² block with a classic older house in an established suburb where detached homes on generous land are increasingly sought after. The configuration suits families or investors looking for a solid footprint with potential to add value through updates, as the street character supports both original charm and improved finishes. It serves buyers who prioritise land size and location over turnkey presentation, making it a strong fit for those comfortable managing a renovation or holding for long-term growth.
The value may be influenced by the condition of the original structure, particularly the kitchen, bathroom, and flooring, as comparable homes in the area have shown significant price differences based on renovation level. The larger-than-average block could support future extensions or outdoor improvements, which might justify a premium for buyers with those plans. Rental demand appears steady, with weekly returns in the mid-$400s for improved houses, so the property’s income potential may be a factor for investors. Market conditions and buyer competition in this pocket will also shape the final price.
|| Comparable Sales: 6 McLean Street sold $320,000 in 2023; 27 McLean Street sold $451,000 renovated | Property Price Band: $400,000–$500,000 | Value Drivers: land size, renovation condition, street location
Detailed Independent Property Report prepared by PropCred Analyst team for 2-4 Mclean Street, Gulliver QLD 4812
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Gulliver, a compact 1.8 sq km suburb in Townsville, is drawing high-income professionals and tradespeople, with singles and mortgage-holders forming the core buyer base. The market has surged: median house prices sit at $570,000, with annual growth between 28.4% and 33.2% over the past year; units have risen 29% to $487,217. Sales volume is thin at roughly 80 dwellings annually, and stock moves fast, with houses averaging 15–31 days on market. Demand is underpinned by strong local infrastructure, garages and carports, and access to parks, but constraints remain: the population contracted 5.4% from 2011–2016, and rental listings are extremely scarce, with just two properties available last month. That supply tightness, alongside a median value of $427,329 in early 2026, suggests the recent price run may be testing affordability limits even as transaction volumes stay low.
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PropCred Estimated Value
Comparable Sales: 6 McLean Street sold $320,000 in 2023; 27 McLean Street sold $451,000 renovated | Property Price Band: $400,000–$500,000 | Value Drivers: land size, renovation condition, street location
Bedrooms
3
Bathroom
1
Parking
2
Land
801m²
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