198 Mackenzie Street, Rangeville QLD 4350
198 Mackenzie Street, Rangeville QLD 4350
Detached house on 776 m² | 3 bed, 1 bath, 2 car | Larger-than-typical block in established suburb | Family-oriented demand | School catchment relevance likely.
This property offers a configuration edge that is increasingly uncommon in established suburbs: a generous 776 m² block paired with a practical three-bedroom layout. For families seeking land without the premium of a four-bedroom footprint, this house balances space and maintenance effectively. The block size alone positions it above much of the surrounding stock, where medium-sized lots dominate, and the detached character of the home suits buyers who value outdoor room, potential for future extension, or simply a quieter street presence. It serves best a buyer prioritising land and location over turn-key presentation, likely a young family or an owner-occupier looking to establish long-term roots in a school-relevant area.
Value may hinge on the condition of the original structure, as the property’s age is not confirmed but the suburb’s housing stock leans toward mid-century builds. A well-maintained interior could justify a stronger price, while dated finishes might invite renovation-minded buyers to bid conservatively. The land’s size and shape, along with any unstated title constraints, could also influence its ceiling. Buyers should weigh the cost of updates against the benefit of securing a large block in a stable, family-oriented suburb, where comparable sales suggest steady demand for this configuration.
|| Comparable Sales: 220 Mackenzie Street sold at $815,000 for 3/1/1 on 627 m²; 188 Mackenzie Street sold at $800,000 for 3/2/1 | Property Price Band: $780,000–$880,000 | Value Drivers: land size, condition of original build, street appeal and layout practicality.
Detailed Independent Property Report prepared by PropCred Analyst team for 198 Mackenzie Street, Rangeville QLD 4350
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Rangeville, in Toowoomba, is a family-oriented regional suburb underpinned by a large 10–19 age cohort and a professional, bachelor-qualified workforce. Demand is driven by professionals on above-regional incomes seeking lifestyle and affordability advantages, plus investors attracted by rental yields of 3.8% for houses and 4.2% for units, with weekly rents of $630 and $525 respectively. House prices sit around $850,000–$860,000, having risen 9.0–12.8% annually, while units are $625,000 with 10.2% growth. Tight conditions: houses sell in a median 14 days; annual sales 137–159. Growth is supported by broader Toowoomba infrastructure and sustained regional price momentum, but risks include housing affordability constraints, sensitivity to interest rates, and the possibility that strong past growth moderates. A boomscore of 52 points to a balanced yet potentially heating market.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 220 Mackenzie Street sold at $815,000 for 3/1/1 on 627 m²; 188 Mackenzie Street sold at $800,000 for 3/2/1 | Property Price Band: $780,000–$880,000 | Value Drivers: land size, condition of original build, street appeal and layout practicality.
Bedrooms
3
Bathroom
1
Parking
2
Land
776m²
URL has been copied successfully!