114 Donovan Cres, Gracemere QLD 4702
114 Donovan Cres, Gracemere QLD 4702
Dual-level family house | 800m² block | dual living potential | strong suburb growth
The property’s key competitive strength is its dual-level layout on an 800m² block, which is rare for a three-bedroom house in Gracemere. The lower-level rumpus room with separate bathroom creates genuine dual-living or home-office flexibility without structural changes, directly serving multi-generational households or investors seeking rental income from a separate space. Built-in storage across both levels and internal-access double garage reduce post-purchase outlay, while the 20.1% suburb growth signals capital appreciation potential. This house is best suited to buyers who need adaptability—families planning for teenagers or elderly relatives, or investors targeting yield plus land value.
The primary risk is the absence of recent sold data, meaning the buyer must verify actual market depth through comparable sales. The inferred price per m² at $719 suggests the asking may be above recent transaction evidence, requiring careful negotiation. Opportunity lies in the covered patio and storage room, which can be upgraded to increase usable outdoor living without extending the footprint. Rental yield at 4.1% supports a hold strategy for cash flow, while the land size and growth rate favour a medium-term hold for equity gain. Use this property as a flexible family home with income potential, not a flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 114 Donovan Cres, Gracemere QLD 4702
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Gracemere is a high-growth regional suburb driven by young families, with a median house price of ~$625,000. Demand is anchored by trades-based owner-occupiers, evidenced by a 58.6% ownership rate and strong sales velocity (11 days on market). House prices surged ~22% annually, supported by significant population growth. Future drivers include sustained family demand and tight rental yields of 4.74%. A key constraint is the limited unit market, indicating supply pressures as house prices rise against a $1,711 weekly household income.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
800m²
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