198 Pulgul Street, Urangan QLD 4655
198 Pulgul Street, Urangan QLD 4655
Corner block | Inground pool | Solar | Separate double garage & carport | Moments to water
This house presents a competitively strong offering for an owner-occupier seeking a low-maintenance, single-level home with premium leisure features on a large, usable block. Its separate double garage and double carport provide exceptional vehicle and storage capacity rare in this price segment, while the pool and solar installation offer immediate lifestyle and cost benefits. The absence of overlays simplifies due diligence. It best serves a buyer prioritizing outdoor living and space over interior size or multiple bathrooms.
Proceed with the understanding that the single bathroom and modest building footprint limit its appeal to larger families and may pressure resale value against newer stock. The rental estimate suggests solid yield, supporting a hold strategy as a long-term home with investment potential. Acquire below the range midpoint to buffer against its functional obsolescence.
Nearby sales indicate a firm market. 43 Pulgul Street, a smaller two-bedroom house, sold for $470,000 in March 2025. A direct comparison, 199 Pulgul Street, is a larger four-bedroom home valued significantly higher. This confirms 198 Pulgul Street is positioned in the entry-to-mid segment for houses on this street, with its value anchored by its land size and core amenities rather than its building scale.
Detailed Independent Property Report prepared by PropCred Analyst team for 198 Pulgul Street, Urangan QLD 4655
Market Insight:
Urangan’s property market is characterised by strong house price growth, with median values between $725k and $763k and annual gains of 7.7% to 16.95%, indicating robust demand. This demand is primarily driven by the rental market, where weekly rents for houses have increased by up to 8.3%, reflecting high tenant competition. However, a key constraint is emerging buyer caution, evidenced by houses taking 21 to 63 days to sell, suggesting a more measured market pace despite the upward price momentum.