194 Berserker Street, Berserker QLD 4701

194 Berserker Street, Berserker QLD 4701
Corner block with pool | 802m² land | Renovated kitchen & bathroom | Quiet street access | Rented in 2 days This property presents a competitively strong offering due to its larger-than-average land size on a corner block, a configuration that provides both privacy and functional advantage. The recent renovations to key living areas, combined with a swimming pool and dedicated entertaining space, position it as a move-in ready home that appeals directly to families seeking space and modern convenience. Its proximity to schools and a demonstrated rental history of rapid leasing underscore its fundamental demand drivers in the family-oriented Berserker locale. The primary decision hinges on reconciling its 1960s build with the updated interiors, noting that future capital expenditure may be required on original structural elements. The opportunity lies in securing a property with immediate rental appeal at a yield near 5%, supported by tangible demand signals. Acquire this as a long-term hold for either owner-occupation, leveraging its family-friendly layout, or as an investment with stable tenant appeal, given its configuration and amenities directly serve the dominant local buyer profile. Recent comparable sales data is limited, with the property itself last transacting at $340,000 in February 2024 prior to its renovation. This previous sale price establishes a baseline, indicating the added value attributed to the subsequent updates and its current market positioning.

Market Insight:

This suburb is positioned as a high-demand, affordable entry point, attracting a young professional demographic. Demand is driven by this cohort’s strong rental appetite, evidenced by a critically low vacancy rate and robust room rental demand. Recent price trends show exceptional capital growth, supported by rapid sales and a highly competitive market. Future growth is underpinned by sustained rental pressure and high market absorption, though price variability indicates a degree of market volatility as a key consideration.

PropCred Estimated Value

Bedrooms

Bathroom

Parking

2

Land

802m²

Built

Recent Assessments