10 Kelyndar Street, Banyo QLD 4014
10 Kelyndar Street, Banyo QLD 4014
3-bed 607m² standard block | 4-car parking rare for street | older stock with renovation upside | brisk 11-day turnover | family and investor demand
This house is positioned on a standard 607 square metre block in a mature pocket of Banyo where detached older housing is the dominant form. Four-car parking is supplied, a genuine point of difference for a property of this size, giving it utility beyond the modest three-bedroom, one-bathroom layout. Its underlying strength is found in the combination of land size, street character, and location efficiency. Buyers are served by close proximity to schools, public transport, and the airport corridor, so demand is expected from both owner-occupiers and investors. The property is best matched to a buyer seeking a solid base for renovation or rental return rather than a move-in-ready build.
Condition and presentation may materially influence the outcome, as this is older stock where improvements are often rewarded. The single-bathroom layout might limit appeal for some families, while generous parking could suit tradespeople or multi-vehicle households. Land size and street position may support price resilience, but the modest internal area should be weighed against expectations.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Kelyndar Street, Banyo QLD 4014
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Banyo is a tight, family-oriented suburbs market, with houses at a $1,130,000 median after 15.31% annual growth and units at $776,500 after 17.65%. Demand is driven by professionals and families—46% of households are couples with children, 40% of buyers are purchasers—supported by proximity to Brisbane Airport, train networks, and employment hubs. Conditions favour sellers: houses sell in 17 days, annual sales hit 81 houses and 14 units, yet only 33 properties listed last month. Rental yields are modest at 3.31% for houses and 4.35% for units, with weekly rents of $700 and $538. The 30–39 age cohort and 4.04% population growth underpin future demand. Key risk is affordability at current price levels, particularly given the market’s rate sensitivity and rapid turnover.
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PropCred Estimated Value
Comparable Sales: 20 Kelyndar St sold $440k in 2014, 3-bed | Property Price Band: $1.2M-$1.3M | Value Drivers: condition, land size, four-car parking
Bedrooms
3
Bathroom
1
Parking
1
Land
623m²
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