27 Spencer Street, Redbank QLD 4301
27 Spencer Street, Redbank QLD 4301
Large residential lot | family-oriented street | bushfire overlay noted | commuter convenience | strong land value
The property is understood to be a detached house on a generously sized residential lot, which in this part of Redbank is regarded as a meaningful advantage. Larger parcels are observed to command noticeably higher prices than compact newer stock, and the land component is understood to provide the durability of value. It is likely to suit a family buyer wanting room for vehicles, outdoor space, and future additions, while being positioned close to the train station, Redbank Plaza, and the Ipswich corridor. The quiet, family-friendly street is reinforced by the local owner-occupier focus, though investor interest is also supported by active rental demand.
The bushfire overlay affecting this street may be worth investigating, as insurance costs and lending appetite could be influenced. Renovation level and internal condition might also shape price, since established Redbank stock varies widely and finishes are known to move value. The large lot may offer subdivision or extension potential, which could justify a price.
>> Comparable Sales: 3 Spencer Street, Redbank sold for $865,000 | Property Price Band: $800K–$900K | Value Drivers: land size, condition, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Spencer Street, Redbank QLD 4301
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Redbank, Queensland is a secondary market where houses trade at a median $750,000, below the state average, with units at $606,000. Investor demand is evident: unit rents are $450 a week and yields of 4.30% exceed houses’ 4.04%. Units also saw 28.25% annual capital growth versus 12.8% for houses. Houses sell in 14–16 days and turnover is 45 sales a year, indicating tight conditions; house rents sit at $560 weekly. The healthy demand-to-supply ratio in the broader Redbank Plains area suggests stability, but growth is expected to remain flat or only slightly exceed the national average, capping near-term appreciation. The aggregate median stays below Queensland’s $845,870, a constraint on price momentum.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
239m²
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