19 Nephrite Street, Woree QLD 4868
19 Nephrite Street, Woree QLD 4868
4 bed house | 760sqm block | pool | Woree catchment | rental upside
The property presents a rare configuration edge in Woree, where a four-bedroom house on a full 760sqm block with a pool and shed is listed at a price point that undercuts its estimated value by nearly $80,000. This gap signals either vendor urgency or a pricing error, and for a buyer, it creates immediate equity. The dual-catchment schools and fibre-to-the-node NBN add practical depth, but the standout feature is the land-to-building ratio,34% coverage leaves room for future extension or subdivision potential, which suits a buyer with medium-term capital growth in mind. It best serves a family or an investor targeting the rental bracket of $645–$775 per week, where demand in Woree remains steady given the 258 current listings.
The primary risk is the bedroom count discrepancy across listings, which may confuse appraisers and delay settlement or refinancing. A buyer should verify the floor plan and council records before exchange. The pool, detected via satellite at 80% confidence, requires a physical inspection for condition and compliance,repairs could cost $5,000–$15,000. The sales history shows only one transaction in 1988, meaning deferred maintenance is likely; budget for a building and pest inspection. The opportunity lies in the price gap: if the property is purchased below $700,000, the buyer holds a buffer against market softening in a suburb with 258 competing listings. Hold for at least five years to capture land appreciation, or rent immediately to cover holding costs while the area matures.
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Nephrite Street, Woree QLD 4868
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Woree presents a compelling investment proposition within the Cairns region, driven by strong demand from interstate and local investors attracted to its relative affordability and high rental yields. The market is characterised by exceptionally tight conditions, with low inventory and rapid sales fuelling significant recent price appreciation. Future growth is underpinned by a tourism-driven population rebound and persistent regional housing shortages, though this same supply constraint presents a key risk, with new developments still years from alleviating the pressure on affordability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
760m²
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