10 Coromandel Street, Tarragindi QLD 4121
10 Coromandel Street, Tarragindi QLD 4121
599m² detached house | 3-bed 1-bath | low 26% building coverage | family-ready yard with alfresco | growth-led demand
The house is presented as a well-kept upgraded character home with polished timber floors and an alfresco entertaining area. Only 26% of the 599m² block is covered by building, so a large rear yard is retained and future extension scope is available. This combination of established character, move-in comfort, and usable land is seldom found in Tarragindi. It is positioned in a leafy, family-oriented pocket and is best suited to family owner-occupiers who value school catchments, city access, and a practical layout. The 3-bed 1-bath configuration is not expected to suit every buyer, but the property is considered competitive in a growth-led local market.
Value may be affected by the single bathroom, which might limit appeal for larger families. The low site coverage and 599m² land offer expansion potential, so future pricing may be shaped by how that optionality is valued. Rental yield is modest, which may reduce investor competition. Presentation is already strong, so price movement might depend more on market conditions than on property-specific deficiencies.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Coromandel Street, Tarragindi QLD 4121
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Tarragindi remains a tightly held, family-dominated Brisbane suburb. Demand is driven by established homeowners and professionals seeking long-term residency. House prices are around $1.65–$1.67 million, with annual growth of 12.1% to 19% depending on source. Houses sell in a median 25–26 days, though one source reports 87 days. The unit market is largely inactive, with a median of $907,500 and only one sale. Rental yields are 2.6% for houses and 4.21% for units, reflecting strong prices relative to rents. High ownership (79% families, 20.6% renting) limits supply and supports price stability. The key risks are reduced unit liquidity and limited supply diversity. Future growth relies on continued professional and family demand.
PropCred Estimated Value
Comparable Sales: 47 Windmill Street, Tarragindi sold about $1.51M | Property Price Band: $1.3M to $1.4M | Value Drivers: 599m² land, low building footprint, character presentation