183/1 Bass Court, North Lakes QLD 4509

183/1 Bass Court, North Lakes QLD 4509
4-bed 3-bath townhouse | rare larger format in North Lakes | double garage, study, courtyard | flood overlay flagged | strong rental demand This townhouse stands out because four-bedroom, three-bathroom configurations are uncommon in this complex, where most units offer three bedrooms and a single garage. The extra bathroom and study make it practical for families or those working from home, while the double remote garage and fully fenced courtyard add convenience and private outdoor space. Built in 2013, it presents a modern, low-maintenance lifestyle with shared pool and gym facilities, appealing strongly to owner-occupiers seeking space without detached house upkeep, and to investors targeting family-sized rental demand. Its position within school catchments for Bounty Boulevard State School and North Lakes State College strengthens its suitability for households with children. Flood-related planning overlays, including high and medium risk levels and overland flow path designations, may affect insurance premiums or future renovation flexibility, and should be reviewed against the strata documentation. The inconsistency in reported parking and area figures between portals suggests the title and building records warrant verification before forming a final view. Body corporate fees and shared facility maintenance are ongoing costs that might influence overall affordability, though the current lease evidence at $650 per week indicates solid rental income potential. These factors may shape price expectations, but the property’s rare layout and modern condition provide a strong underlying appeal. || Comparable Sales: Unit 161 at 1 Bass Court (4/3/2) sold $765k; Unit 174 at 1 Bass Court (4/3/2) recorded $615k | Property Price Band: $700k–$800k | Value Drivers: rare 4-bed layout, modern 2013 build, double garage and study
Detailed Independent Property Report prepared  by PropCred Analyst team for 183/1 Bass Court, North Lakes QLD 4509
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk
Income Risk ! 1
Execution Risk 2
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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: Unit 161 at 1 Bass Court (4/3/2) sold $765k; Unit 174 at 1 Bass Court (4/3/2) recorded $615k | Property Price Band: $700k–$800k | Value Drivers: rare 4-bed layout, modern 2013 build, double garage and study

Bedrooms

4

Bathroom

3

Parking

2

Land

106m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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