3 Kentucky Court, Kirwan QLD 4817
3 Kentucky Court, Kirwan QLD 4817
3/1/1 brick house | 628m² low-maintenance block | covered outdoor entertaining | leased $490/wk | central Kirwan family pocket
The house is presented as a straightforward single-level brick home on a 628m² block, with a covered outdoor entertaining area, built-in wardrobes, and an extra parking space. Its practical layout is well suited to a family wanting low upkeep, or an investor seeking steady rental return. The current lease at $490 per week provides immediate income, while the rental appraisal suggests room for higher rent at lease renewal. The location is central within Kirwan, within reach of schools and shopping, and the court position offers a quiet suburban setting. This property serves best first-home buyers who plan to occupy later, or investors wanting a solid and manageable house in an established neighbourhood.
The final sale price may be shaped by how this house compares with recently renovated homes in the area, as standard finishes and a dated bathroom could limit premium appeal. The flood overlay status for this specific lot should be checked, because it can affect insurance costs and buyer confidence. The lease end date in September 2026 might be a consideration for an owner-occupier, although it offers secure income for an investor. The additional parking and shed add convenience, but the single garage and one bathroom may constrain appeal for larger families.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Kentucky Court, Kirwan QLD 4817
Checks found:
Value Risk
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2
Liquidity Risk
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2
Planning Risk
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2
Income Risk
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1
Execution Risk
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2
Market Insight
Kirwan, a mature Townsville suburb, is capturing strong investor and owner-occupier interest. Demand is underpinned by a tight rental market: a 5:1 applicant-to-room ratio, only 33 rental listings, and house rents up 7.8% annually. The median house price spans $600,000–$660,000, with growth tracking between 17.6% and 19.6% across 438–464 sales in the past year. Units are outperforming, up 45.1% on a $515,000 median (57 sales). Houses sell in 14–16 days, and gross yields sit at 4.9% for houses and 5.3% for units. Future momentum relies on constrained supply—just 19 properties listed for sale—and an affluent local base with household income 11% above regional Queensland. Key risks include high leverage: 57% of owners hold mortgages, leaving the market sensitive to rate shifts and affordability constraints.
PropCred Estimated Value
Comparable Sales: 13 Kentucky Court sold for $390,123 in Nov 2023 | Property Price Band: $400K-$500K | Value Drivers: land size, low-maintenance structure, rental income