1 Phyllis Street, Harristown QLD 4350
1 Phyllis Street, Harristown QLD 4350
Large 1,012 m² block | side access | character 3-bed house | renovation upside | family-friendly street
Distinguished by a generous 1,012 m² allotment, this property is placed at the more spacious end of Harristown’s detached housing stock, and side access is provided for added functional utility. The dwelling is presented as an older established home with polished timber flooring, generously sized bedrooms, and a light-filled living area, characteristics that are valued by buyers seeking warmth and character over modern finishes. The fully fenced site includes a covered entertaining area and a detached single garage, with schools, shopping, and parklands close by. This property is best suited to families and renovators who see land and location as the primary value drivers, and suburb demand is underpinned by a mixed housing profile and CBD proximity.
Consideration may be given to the condition of the improvements, which may need updating in kitchen, bathroom, and energy efficiency. These costs are weighed against the strength of the land component, which is likely to retain value independently. The single-car garage and modest layout might limit appeal for some, but the block size and position may support a broader buyer pool over time, delivering reasonable resale confidence once improvements are made.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Phyllis Street, Harristown QLD 4350
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Harristown, in Toowoomba, is a mature suburb with established infrastructure. Demand is driven by older households (32% over 55), childless couples (41%) and a 39% rental cohort, with incomes mostly in the $78k–$130k band. House prices have surged 22.8% annually to a median near $687,500, while units grew 21.8% to $475,000, though one source reports a -6.4% unit decline. Houses sell in nine days on average, reflecting tight conditions, with gross yields of 4.3% for houses and 5.5% for units. Future growth is supported by strong sales volumes (164 houses) and buyer demand. Risks include a wide price range ($620k–$702.5k) and active supply of 113–164 sales, which may temper escalation.
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PropCred Estimated Value
Comparables: 4/7 Phyllis St sold $830k; 8 Phyllis St recorded $592k | Price Band: $800k–$900k | Drivers: 1,012 m² land, renovation upside, street location
Bedrooms
3
Bathroom
1
Parking
1
Land
1009m²
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