120 Ivy Street, Kingaroy QLD 4610

3 beds | 1 bath | 803sqm | 220sqm home | elevated 464m | fenced and shedded | Ivy St Kingaroy The property’s competitive edge lies in its land-to-building ratio—27% coverage on 803sqm leaves substantial room for extension, a shed, or a granny flat, rare in this price bracket. The 4m roof height and two living areas suit a family or investor seeking dual-occupancy potential, while the fully fenced block with water tank and gas heating reduces ongoing costs. It serves best a buyer wanting a low-maintenance house with expansion options in a stable, 85% owner-occupied street where recent sales show capital growth (e.g., #71 sold at $660k after three years). The NBN FTTP is a practical bonus for remote workers. The single bathroom is the primary constraint—it limits appeal to families and may require a $30k–$50k retrofit to match market expectations. No flood or bushfire overlays reduce insurance risk, but the 1991 last sale means deferred maintenance on a 30+ year old structure should be budgeted. The Kingaroy market’s 0% auction clearance and 61% owner-occupancy suggest a buyer’s market; negotiate firmly on the $585k list, targeting $520k–$545k based on Domain’s estimate and street comparables. Hold for five years or rent at $530/week for a 5% gross yield.