109 Murray Street, Tully QLD 4854

109 Murray Street, Tully QLD 4854
809m² land | 274m² house | 3 bed 1 bath | 1 car | Premium Tully footprint The property is characterized by a rare balance between a 274m² building footprint and an 809m² land holding, a combination that is considered generous for the local area. The three-bedroom, one-bathroom layout is seen as practical for a family, though the single car space is noted as a modest provision. It is positioned within Tully’s established residential context, where such land proportions are valued. This house is best suited to owner-occupiers seeking indoor space with outdoor room, or investors who appreciate a straightforward, substantial dwelling. Its appeal is reinforced by a clean land profile that poses no significant constraints. The single bathroom and one-car garage may be viewed as limitations, potentially narrowing the buyer pool. The substantial building footprint might be taken to imply higher upkeep, which could temper price confidence. Conversely, the generous land area may be seen as an opportunity for extension or outdoor living, and thus may help hold value. >> Comparable Sales: 37 Murray Street sold at $79,000 in 2019 | Property Price Band: $400,000–$500,000 | Value Drivers: land size, building footprint, single-bath constraint
Detailed Independent Property Report prepared  by PropCred Analyst team for 109 Murray Street, Tully QLD 4854
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
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Market Insight

Tully demand is driven by affordable regional entry prices, strong rental yields and ongoing employment from the sugarcane industry, attracting both yield-focused investors and lifestyle buyers. Buyers see upside from recent suburb-wide gains and limited supply, but key risks are frequent flood and cyclone exposure and reliance on agriculture; opportunities lie in infrastructure investment and any local industry diversification. Broadly, prices have shown a noticeable uptick over the past six months after strong annual growth.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

810m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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