146 Stradbroke Avenue, Wynnum QLD 4178
146 Stradbroke Avenue, Wynnum QLD 4178
3-bed, 1-bath house | Single car space | Wynnum bayside location | Entry-level detached stock | Renovation potential
In Wynnum’s established bayside market, a three-bedroom, one-bathroom house with a single car space is considered a practical entry point. This particular house is positioned to appeal to first-home buyers and investors who prioritise suburb location over internal finish. The detached form is regarded as increasingly scarce in this price range, and the potential to renovate is commonly seen as a value-add. For that reason, the property is expected to suit those who are willing to improve the home over time while benefiting from the steady demand for smaller houses in this precinct.
The final value may be influenced by the condition and layout of the existing dwelling, along with any opportunities to modernise. The land-to-building ratio and the aspect of the block may also affect the property’s appeal, as will the degree of natural light and street presence. Buyers should weigh these factors carefully, since the absence of premium finishes might widen the price gap between this house and fully renovated ones nearby.
>> Comparable Sales: 120 Stradbroke Avenue sold for $900,000 in 2021; 90 Stradbroke Avenue sold for $1,200,000 in 2018 | Property Price Band: $900,000–$1,000,000 | Value Drivers: Land size, renovation potential, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 146 Stradbroke Avenue, Wynnum QLD 4178
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Wynnum is a bayside Brisbane suburb drawing families, professionals and retirees seeking a relaxed coastal setting close to the city. Demand is driven by price growth and steady rental demand, with house prices reported between $1.3 million and $1.37 million and annual growth from flat to 5.6%. Unit price estimates range more widely from $772,000 to $1.2 million, with growth reported between 7.5% and 15.9%. Houses sell in a median 22 days across roughly 200 sales a year, indicating firm turnover. Rental yields are low at 2.7–3.1% for houses and 2.8–3.9% for units, with median weekly rents of $700–$720 and $570–$630 respectively. Future growth is supported by the suburb’s coastal amenity and Brisbane proximity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
822m²
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