111 River Park Drive, Annandale QLD 4814
111 River Park Drive, Annandale QLD 4814
4 beds, pool, tenanted | sought-after Annandale | 915m² block with low coverage | NBN FTTP | immediate income
This property is competitively positioned by its combination of a generous 915m² lot with only 37% building coverage, a pool, and a fixed-term lease through October 2026,rare for a house in this suburb. The configuration gives a buyer immediate rental income while preserving future extension or redevelopment optionality, which is the core edge here. It best suits an investor seeking a turnkey holding with growth runway, or an owner-occupier willing to wait for vacant possession.
The principal risk is the floor area discrepancy between 225m² and 335m²,this must be verified as it affects valuation and lending. The tenancy also locks out owner-occupiers for over a year, which narrows the buyer pool. On the opportunity side, the low site coverage and 7m elevation allow for a future second dwelling or pool house without compromising amenity. Hold for rental yield while monitoring the council’s development appetite; if values lift, the land itself carries the upside.
Detailed Independent Property Report prepared by PropCred Analyst team for 111 River Park Drive, Annandale QLD 4814
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Annandale presents as a high-growth, supply-constrained suburb within Townsville’s surging market. Demand is driven by family-oriented demographics seeking established homes, supported by a region-wide housing shortage. Recent price trends show exceptionally strong capital growth, with houses transacting swiftly in a competitive environment. Future growth is underpinned by this severe supply constraint, though the same scarcity presents a key long-term risk to affordability and market fluidity.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
915m²
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