25 Partridge Street, Bongaree QLD 4507
25 Partridge Street, Bongaree QLD 4507
2-bed house on large 531m² lot | Prime flood overlay location | FTTP & 5G coverage | Currently for sale
This property presents a strong value proposition based on its significant 531m² land holding in a established suburb, a configuration increasingly rare for a two-bedroom house. The large lot offers immediate utility and long-term redevelopment potential, serving land-banking investors or owner-occupiers seeking space. Its position within the Bribie Island school catchments provides a stable rental or resale foundation.
The primary investment risk is the confirmed flood overlay, which necessitates specialised insurance and may impact future development costs or financing. The 2014 sale date suggests outdated internal finishes, requiring a renovation budget to realise modern rental yields. Proceed with a building and pest inspection focused on post-2014 condition, and obtain a formal flood level report to accurately assess holding costs. This property is best held as a long-term land play with a view to future subdivision or rebuild, rather than a short-term rental.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Partridge Street, Bongaree QLD 4507
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Insight: Bongaree QLD 4507
Bongaree’s property market is characterised by exceptional capital growth, with house values surging 97% over five years and a remarkable 17-23% in the past year alone. This rapid price escalation, alongside a median house price approaching $950,000, signals a high-demand, high-growth environment. Demand is evidenced by brisk sales, with houses averaging just 27 days on market, and stronger performance for larger dwellings. While rental yields are moderate, the suburb’s sustained price momentum suggests robust buyer competition, though this growth trajectory introduces potential affordability constraints for future entrants.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
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