108 Plahn Street, Frenchville QLD 4701
108 Plahn Street, Frenchville QLD 4701
3 bed low-set house | 663m² fenced block | near high school | suburb growth 17.2% | rental yield 4.75%
This house presents a competitively strong, low-maintenance proposition in a high-growth suburb, serving first-home buyers and investors directly. Its single-level design on a fully fenced block is operationally simple, while proximity to schools anchors tenant demand. The recent renovation and modern inclusions position it above basic stock, creating immediate utility and rental appeal.
The decision hinges on paying a premium for recent rapid appreciation. The 2024 sale at $420k versus the current $650k ask requires validating through urgent comparable analysis. For an investor, the yield supports the price if the upper rental range is achieved. Proceed with a conditional offer, using the 2024 sale as a lever, as a buy-and-hold for capital gain or rental income.
Recent sales history for this specific property:
– Nov 2024: $420,000
– Nov 2022: $340,000
This trajectory demonstrates substantial equity growth, though the jump to the current asking price demands scrutiny of broader market movements to confirm sustainable value.
Detailed Independent Property Report prepared by PropCred Analyst team for 108 Plahn Street, Frenchville QLD 4701
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Market Insight:
Frenchville is a tightly held, owner-occupier suburb attracting young professionals, with demand underpinned by its established residential character and proximity to quality schools. This demographic is driving a robust and fast-moving market, evidenced by rapid sales and significant capital appreciation across both houses and units. Future growth is supported by strong rental demand, though a slight population decline and limited new listings present a constraint on available supply.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
Assessments Delivered Today
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