16 Rundle Street, Mount Louisa QLD 4814
16 Rundle Street, Mount Louisa QLD 4814
3-bed house on 654m² land | 4 parking spaces | Recently sold 2023 | Heatley catchment
This property presents a straightforward purchase for an owner-occupier or investor seeking a large, usable block with ample parking in Mount Louisa. The 654-square-metre land parcel is the dominant feature, offering significant utility and future potential that is increasingly scarce in new subdivisions. The four parking spaces, including a carport, cater well to a family with multiple vehicles or someone with storage needs. This house serves practically as an affordable entry into the Townsville market, with its recent 2023 sale suggesting a potential for a quick, motivated vendor.
The primary risk is the absence of recent comparable sales data, making it impossible to objectively verify if the asking price reflects current market value. The lack of detail on building age, condition, and neighbourhood context requires a thorough, expert building and pest inspection to uncover potential capital expenditure. Proceed only with a conditional offer that reflects these due diligence costs, positioning this as a long-term hold to leverage the land component, not a short-term trade.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Rundle Street, Mount Louisa QLD 4814
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Mount Louisa presents as a high-demand, family-oriented suburb within Townsville, evidenced by 47% of households being couples with children. Demand is driven by this demographic, supported by a high purchaser rate of 44%, creating a competitive market with houses selling in a median of 15 days and achieving strong annual price growth of over 20%. Future growth is underpinned by a regional housing shortage, though this same constraint presents a key supply-side risk to affordability and availability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
4
Land
654m²
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