32 Owenia Street, Algester QLD 4115
32 Owenia Street, Algester QLD 4115
Four-bedroom low-set brick house | 630 m² block | renovation opportunity | established family street | strong school proximity
This property holds genuine appeal for buyers seeking a solid single-level house on a generous block in a well-settled suburb. The four-bedroom configuration is practical for families, and the original brick construction offers a dependable shell that responds well to updating. The covered patio, built-in barbecue, and front veranda extend the living space outdoors, which suits the Queensland climate and adds everyday usability. Its position near Algester State School, St Stephen’s School, and Calamvale Community College makes it particularly attractive to family buyers who value short commutes to schooling. The double lock-up garage and separate laundry are functional additions that support comfortable family living.
The house requires renovation throughout, which may influence how buyers approach their budget. Updating the single bathroom and modernising the interior could involve meaningful expenditure, though the layout and land size offer scope for improvement. The 630 m² lot is workable for future extensions or landscaping, subject to council approvals. Buyers might weigh the cost of renovations against the benefit of securing a larger block in a quiet street. The absence of modern finishes likely positions this property below recently updated homes in the area, but the strong demand for family housing in this suburb may offset that gap. The potential for added value through thoughtful renovation should be considered carefully.
|| Comparable Sales: 54 Owenia Street sold October 2024 for $1.05M; 34 Owenia Street sold for $1.12M | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, renovation potential, school proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Owenia Street, Algester QLD 4115
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Algester QLD 4115 is an established residential market with modest transaction volumes. Demand is anchored by family households—couples, with and without children, and single parents—reflected in sales of 116 houses and 24 units over the past year. The median house price has settled around $1.04 million, with annual growth between 9.3% and 10.1%. Units are firmer, up 12.1% annually to a $709,000 median. Houses transact in 22 to 36 days, and yields are modest: 3.68% for houses, 4.35% for units. This demand-supply imbalance is the primary growth driver, yet supply remains variable—recent listings ranged from 13 to 22 rentals and 8 to 13 sales. The key risk is affordability; a $1 million-plus median with a 3.68% gross yield leaves limited buffer for rate-sensitive buyers.
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PropCred Estimated Value
Comparable Sales: 54 Owenia Street sold October 2024 for $1.05M; 34 Owenia Street sold for $1.12M | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, renovation potential, school proximity
Bedrooms
4
Bathroom
1
Parking
2
Land
630m²
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