13 Manhattan Cres, North Lakes QLD 4509
13 Manhattan Cres, North Lakes QLD 4509
Detached family house | Early 2010s build | Compact suburban lot | Strong rental demand | North Lakes State College catchment
This property sits comfortably in North Lakes’ established family housing market, offering a practical single-level layout that suits first-home buyers, downsizers, and investors alike. Its likely early-2010s construction means modern finishes, open-plan living, and efficient use of space—qualities that hold broad appeal in a suburb where detached houses dominate. The compact lot keeps maintenance low, while the surrounding estate character delivers a safe, planned neighbourhood feel. For a buyer seeking a straightforward, move-in-ready home with solid rental potential, this house ticks the essential boxes without overcomplicating the decision.
Value may be shaped by the exact land size and orientation, which are not yet confirmed. A slightly larger block or a north-facing aspect could push demand upward, while a smaller footprint might cap growth relative to neighbouring stock. The bushfire overlay in the immediate area could influence insurance costs, though it does not appear to hinder marketability. Buyers should weigh the property’s condition and any upgrades against its age, as well as how its position within the street affects privacy and sunlight. These factors, rather than suburb-wide trends, will most directly inform a fair price.
|| Comparable Sales: 15 Manhattan Cres sold $735,000 (Nov 2024); 17 Planigale Cres sold $459,117 (Feb 2021) | Property Price Band: $700K–$800K | Value Drivers: Land size, build condition, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Manhattan Cres, North Lakes QLD 4509
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
North Lakes is a family-oriented, well-connected suburb, with most households being couples with children; they dominate buying. Market conditions are tight: houses sell in 12–16 days. Over the past year, house prices rose 10.4% to a $982,500 median, units 25.8% to $745,000. Unit rents surged 22.6%, and rental yields of 3.6–3.8% (houses) and 4.1–4.6% (units) support investor demand. Rapid sales and the unit price surge signal sustained demand. The main constraint is affordability: the house median sits well above local household-income capacity, which raises rate sensitivity and caps further price growth.
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PropCred Estimated Value
Comparable Sales: 15 Manhattan Cres sold $735,000 (Nov 2024); 17 Planigale Cres sold $459,117 (Feb 2021) | Property Price Band: $700K–$800K | Value Drivers: Land size, build condition, street position
Bedrooms
3
Bathroom
2
Parking
1
Land
250m²
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