1 Harvard Street, Collingwood Park QLD 4301

New-build 2025 | 461m² lot vs 400m² street norm | 141m² floor area | Modern kitchen & separate media room This property presents a competitive edge through its new construction and larger land parcel relative to other offerings on Harvard Street, suggesting immediate modern livability and a scarcity premium on the block. The four-bedroom, two-bathroom home with dedicated media room caters specifically to families seeking a turnkey solution in a suburb where newer stock is not the norm. Its configuration is strongest for an owner-occupier who values contemporary finishes and space without requiring renovation. The primary risk is valuation justification, as the sole recent comparable sale at 5 Harvard Street transacted at a significantly lower price, indicating potential market resistance or a unique circumstance that must be investigated. The absence of broader suburb performance data necessitates a rigorous, independent valuation to anchor your offer. Proceed with an offer conditional on a building inspection for the new construction and a finance clause tied to a bank valuation, as the estimated value requires solid confirmation. A PropCred report would pressure-test the $1.02 million estimate against true recent sales, verify locality risks, and provide a checklist for new-build defects and insurance costing. Nearby sale at 5 Harvard Street (Jan 2026): $750,000. This single data point creates a substantial value gap against the subject property’s estimate, demanding clear explanation—such as a vastly inferior condition, lot size, or a distressed sale—to validate the premium.