144/230 Pulgul Street, Urangan QLD 4655
144/230 Pulgul Street, Urangan QLD 4655
3 bed unit in Urangan | 118m² land, compact | below-median price guide | strong owner-occupier street | school catchment stability
The property sits below Urangan’s median house price, offering a rare entry point into a suburb with 147 sales this year and a 27-day average market time. Its compact 118m² land and 121m² floor area suit buyers prioritising low-maintenance living over land banking. The open plan air-conditioned living, master ensuite, and built-in robes across all bedrooms align with what owner-occupiers in this 80% owner-occupied street typically seek. The unit’s position in a complex at 230 Pulgul Street places it within established school catchments (Urangan Point State School 1.9 km, Urangan State High School 2.4 km), which supports long-term demand from families. For a buyer wanting to enter a market with strong turnover and limited supply below $700,000, this unit provides a defensible foothold.
The primary risk is the small land component—118m² limits future subdivision or significant value uplift from land appreciation alone. The discrepancy in parking (one or two spaces) and land size across sources suggests due diligence is needed on strata documents and title boundaries. The 33% population over 60 in Urangan may temper future capital growth if demand skews toward downsizers rather than families. However, the below-median price guide and recent sales activity create a window for a buyer who holds for five to seven years, benefiting from steady owner-occupier demand in a school-catchment area. Use this property as a low-maintenance residence or a reliable rental in a high-turnover market.
Detailed Independent Property Report prepared by PropCred Analyst team for 144/230 Pulgul Street, Urangan QLD 4655
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Urangan’s property market is characterised by strong house price growth, with median values between $725k and $763k and annual gains of 7.7% to 16.95%, indicating robust demand. This demand is primarily driven by the rental market, where weekly rents for houses have increased by up to 8.3%, reflecting high tenant competition. However, a key constraint is emerging buyer caution, evidenced by houses taking 21 to 63 days to sell, suggesting a more measured market pace despite the upward price momentum.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
118m²
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