1B Bourke Street, Mareeba QLD 4880

Fully fenced 3-bedder | Low-maintenance 348m² block | Solar and air con included | Investor or first-home ready This property offers a rare combination of a fully fenced, low-maintenance 348m² lot with a solid 142m² internal layout, making it a strong entry point for first-home buyers or downsizers seeking minimal upkeep. The inclusion of air conditioning and solar panels reduces ongoing utility costs, while the secure garage parking adds practical appeal in a market where off-street parking is increasingly valued. Positioned for easy access to Mareeba amenities and within established school catchments, the house serves a broad demand base, from families to investors targeting stable rental yields near $515 per week. The primary risk lies in the property’s limited land size and single bathroom, which may deter families seeking more space or multiple wet areas, potentially narrowing the resale pool. However, the absence of bushfire, flood, or heritage overlays reduces insurance and compliance concerns, and the 41% building coverage leaves modest scope for future additions. The 2013 purchase price of $278,000 underscores significant capital growth, but the current list price above the estimated $460,000 valuation suggests limited immediate upside; buyers should negotiate firmly based on comparable sales and the property’s straightforward, unrenovated condition.