104 Fourth Avenue, Parkside QLD 4825
104 Fourth Avenue, Parkside QLD 4825
3 beds | 1000mยฒ block | 1965 build | $310kโ$325k estimate | Parkside QLD
This propertyโs strongest buying case is the rare combination of a generous 1000mยฒ lot in a residential zone with no flood or bushfire overlays, paired with a modest 3-bedroom floorplan that offers redevelopment or extension potential. The built-in robes, floorboards, and split-system heating reduce immediate capital outlay, while the fully fenced yard and shed add practical family appeal. It is best suited to a buyer seeking a solid entry-level house with land upside in Mount Isaโs stable market, where comparable lots are scarce.
The primary risk is the absence of recent sales dataโlast transacted in 2012 at $291,000โmaking current estimates less certain; the $270,000โ$285,000 listing sits below the $310,000โ$325,000 valuation range, suggesting a possible discount for condition or market timing. The 1965 build may require near-term maintenance on roof or services, and the 29% site coverage limits immediate subdivision without council approval. Opportunity lies in holding for land appreciation or adding a second dwelling, given the lot size; treat this as a long-term land play with rental income from the existing house.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Parkside presents as a tightly held, family-oriented suburb with a market driven by local owner-occupiers and investors seeking high rental yields. Recent price trends show significant volatility, indicating a market responsive to local economic conditions. Future growth is underpinned by strong rental demand and low vacancy, though sensitivity to economic shifts and a constrained supply pipeline present key considerations for prospective buyers.