11 Blackdown Street, Harristown QLD 4350
11 Blackdown Street, Harristown QLD 4350
2 bed, 1 bath, 1 car | $699K | Compact footprint | Established suburban pocket | Family-oriented street
What is competitively strong here is the rare compact configuration in a street dominated by larger family homes. This property serves downsizers, first-home buyers, or investors seeking lower-maintenance living without leaving an established residential area. Its price point sits attractively below the cost of typical 3-bedroom houses nearby, offering a more accessible entry into a quiet, family-friendly pocket. The smaller layout means reduced upkeep and potentially stronger rental appeal per dollar invested, given the area’s consistent demand for modest dwellings.
The value of this property may be shaped by its land-to-floor ratio, which appears tighter than neighbouring blocks, potentially limiting extension options. The absence of confirmed renovation history might mean the interior condition could vary, so a buyer should weigh potential updating costs against the asking price. Rental yield may land in the mid-3% to mid-4% range, depending on final finishes and presentation. The compact size could narrow the buyer pool, but that same trait may also protect against overpaying if the market softens.
|| Comparable Sales: 23 Blackdown Street sold $197K in 2004; 471 Alderley Street estimated $726K | Property Price Band: $650K–$750K | Value Drivers: land size, interior condition, layout efficiency
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Blackdown Street, Harristown QLD 4350
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Harristown, in Toowoomba, is a mature suburb with established infrastructure. Demand is driven by older households (32% over 55), childless couples (41%) and a 39% rental cohort, with incomes mostly in the $78k–$130k band. House prices have surged 22.8% annually to a median near $687,500, while units grew 21.8% to $475,000, though one source reports a -6.4% unit decline. Houses sell in nine days on average, reflecting tight conditions, with gross yields of 4.3% for houses and 5.5% for units. Future growth is supported by strong sales volumes (164 houses) and buyer demand. Risks include a wide price range ($620k–$702.5k) and active supply of 113–164 sales, which may temper escalation.
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PropCred Estimated Value
Comparable Sales: 23 Blackdown Street sold $197K in 2004; 471 Alderley Street estimated $726K | Property Price Band: $650K–$750K | Value Drivers: land size, interior condition, layout efficiency
Bedrooms
2
Bathroom
1
Parking
1
Land
476m²
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