11 Meilland Street, Parkhurst QLD 4702
11 Meilland Street, Parkhurst QLD 4702
Detached low-set house | 600m² block | Family-focused suburb | Strong rental yield | Established neighbourhood
This property sits in a solid, family-oriented pocket of Parkhurst where detached houses on moderate blocks are the standard format. The configuration—three bedrooms, one bathroom, and a fully fenced yard with a shed—suits first-upgraders, young families, and investors seeking dependable rental demand. The suburb’s mix of established homes, newer estate stock, and lifestyle amenity near the Fitzroy River adds resilience, while proximity to schools, the town centre, and CQUniversity broadens its appeal. For a buyer wanting a straightforward, low-maintenance house with good lettability and room to add value through modest updates, this property fits that brief comfortably.
Value may be influenced by the single-bathroom layout, which could limit appeal for some families compared to two-bathroom alternatives. The modest 88m² internal area might also constrain pricing relative to larger homes nearby, though the 600m² block offers scope for future extension or outdoor improvements. The established street character and lack of overlay risks support stable demand, but presentation and condition will likely play a decisive role in final price. Buyers should weigh the trade-off between immediate affordability and the potential cost of upgrades when forming their view.
|| Comparable Sales: 4 Meilland Street sold for $610,000; 14 Col Crescent sold in similar range | Property Price Band: $580,000–$680,000 | Value Drivers: land size, condition, layout, street appeal
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Meilland Street, Parkhurst QLD 4702
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Parkhurst, a 20.6-square-kilometre suburb, is anchored by young families: 79% of households are families, 55% are couples with children, and the dominant age group is 30–39. Demand stems from purchasers—49% of residents—with incomes 47.8% above regional average and trades occupations prevalent. The median house price sits at $759,000–$760,000, with annual growth of 14.1–19.4% and houses selling in a median 9 days. High owner-occupancy (70.8%) and a 22.9% population surge since 2016 underpin momentum. Growth is supported by tight supply—just two unit sales and three rental listings in the past year—while house yields of 4.3–4.6% attract investors. Risks centre on affordability: dominant mortgage repayments of $1,800–$2,399 monthly expose buyers to rate sensitivity, and variable days on market (9–99 days by bedroom count) suggest patchy demand across segments. The single government primary school (429 students) remains the key educational anchor.
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PropCred Estimated Value
Comparable Sales: 4 Meilland Street sold for $610,000; 14 Col Crescent sold in similar range | Property Price Band: $580,000–$680,000 | Value Drivers: land size, condition, layout, street appeal
Bedrooms
4
Bathroom
1
Parking
2
Land
623m²
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