113 South Street, Depot Hill QLD 4700
113 South Street, Depot Hill QLD 4700
113 South Street, Depot Hill is a 3-bedroom, 1-bathroom house on a large lot reported as either 868 m² or 875 m², with 2 car spaces / uncovered car spaces depending on the listing source. The property was listed for sale as a house in Depot Hill. The listing description says it is a renovated family home on a “premier double block” with a modern kitchen, modern bathroom, formal lounge, separate family room, large sleepout, front verandah, split-system air conditioning, dishwasher, deck, and secure lockable downstairs area/workshop/storage.
Renovated family house on rare double block | Spacious layout with multiple living zones | Large land in central Depot Hill | Flexible sleepout plus secure workspace
This property stands out in Depot Hill for its uncommon land parcel reported as one of the larger blocks in the area. The renovation is not superficial and both the kitchen and bathroom are modern which lifts the finish level above much of the older housing stock. The layout is genuinely flexible with a formal lounge separate family room and a large sleepout that could serve as a home office or extra bedroom. The secure downstairs workshop and storage area adds practical utility. Combined with the front verandah and deck the house feels suited to a growing family or a buyer wanting space to spread out. Its central location implies convenient access to local amenities.
The large landholding and renovated state are likely the primary value drivers. The flexible layout including the sleepout and secure workshop may attract niche buyers. For some lenders the unverified build year might affect financing but this is typical for older housing. Without direct comparable sales price formation may rely on broader suburb trends.
Detailed Independent Property Report prepared by PropCred Analyst team for 113 South Street, Depot Hill QLD 4700
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Depot Hill presents as a tightly held, high-yield market within Rockhampton, characterised by exceptionally strong recent capital growth and rapid sales velocity. Demand is driven by affordability-focused buyers and investors seeking robust rental returns, supported by a low-income demographic profile. This momentum has created a highly competitive environment for houses, though the market’s future trajectory may be tempered by its relative affordability ceiling and limited unit activity, suggesting a potential moderation from recent peaks.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
868m²
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