101 Parasol Street, Ashmore QLD 4214
101 Parasol Street, Ashmore QLD 4214
4-bed house on 646mΒ² lot | Cinema & multi-purpose rooms | Ashmore school catchments | Offers due 20 April
This property presents a distinct layout for a buyer seeking space for entertainment or flexible living, separating it from standard family stock in Ashmore. The dedicated cinema and multi-purpose room are rare inclusions that cater specifically to a household valuing dedicated leisure and activity space, suggesting a premium over a basic four-bedroom home. Its position within the catchments for three government schools solidifies its appeal to a family buyer, anchoring its long-term demand in the area.
The primary risk is the compressed campaign timeline, with best offers due shortly after a single advertised inspection, limiting due diligence and potentially forcing a premium bid to secure it. The valuation range is notably wide, indicating market uncertainty on precise worth. Proceed only with a disciplined budget anchored to the lower comparable evidence, ideally as a long-term family home to amortize the likely premium paid for its unique features.
* 99 Parasol Street sold for $1,195,000. As a direct neighbour, this sale sets a strong baseline value for land and standard improvements in the street.
* 116 Parasol Street is listed with offers over $1,500,000. With more bedrooms, bathrooms, and car spaces, its asking price frames the upper limit for premium properties on similar land.
This indicates 101 Parasol Street, with its superior internal features but lesser bedroom count, should command a price positioned between these two points, leaning toward the higher end for its unique internal layout.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Ashmore presents a compelling Gold Coast suburb anchored by strong fundamentals and significant future investment. Demand is being driven by buyers pivoting to the unit market due to a severe shortage of available houses, creating intense competition and superior price growth for apartments. The market is highly active with surging sales volumes, while rental demand remains robust. Future growth is underpinned by substantial planned infrastructure and commercial projects, though a critical constraint is the acute scarcity of new house supply within the suburb itself, posing a clear risk of a deepening shortage.