1/3 Mccallum Street, Caboolture QLD 4510
1/3 Mccallum Street, Caboolture QLD 4510
generous 601sqm unit block | ground-floor feel | dual parking | strong rental demand | value-driven suburb
This unit is positioned as a practical, low-maintenance holding within a suburb where detached housing dominates the stock. A generous lot area is provided for a flat configuration, which allows for a ground-oriented, private layout that is rarely found in typical apartment developments. Two secure parking spaces, a fenced outdoor entertainment area, and practical inclusions such as air conditioning and an ensuite are offered. The property is especially suited to investors, downsizers, and small households seeking an entry point into the Caboolture market without the upkeep of a larger house.
The overall value may be influenced by the property’s condition and internal finish level, as premium features have not been confirmed. Its configuration as a flat within a predominantly house-based market might limit the buyer pool, but it could also attract those specifically seeking a smaller holding. Rental returns might be moderate, and the 601sqm land component could be viewed as a future reconfiguration opportunity, although this remains an inference.
>> Comparable Sales: 13 McMillan Street, Caboolture sold $770,000 Jul 2024 | Property Price Band: $700K-$800K | Value Drivers: condition, land size, parking layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1/3 Mccallum Street, Caboolture QLD 4510
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Caboolture, an outer-north Brisbane market, has posted double-digit price growth, with houses up 12.6% to a median of $833,000 and units surging 27.6% to $530,000. Houses trade in as little as 21 days, indicating a tight, vendor-favourable market. Buyer demand is split between investors chasing yields of 4% on houses and up to 5% on units, and working owner-occupiers at the affordable end. Rents are rising firmly, with houses now $600–640 a week and units $430–490, reinforcing the investment case. Sales volume, at roughly 539–616 houses annually, points to solid turnover, though the pace of unit price growth raises affordability questions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
300m²
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