2 Coyne Street, One Mile QLD 4305
2 Coyne Street, One Mile QLD 4305
3 bedrooms, 1 bathroom, house on 522m². Single-level, with 2 parking spaces. Last sold in 2020 for $202,000. Flood overlay is present in the immediate area. The property is described as well presented with a practical layout.
This property is positioned as an entry-level option within a suburb that is seeing sustained demand from buyers priced out of closer-in areas. Its competitive strength lies in its price point relative to the broader market; it offers a detached house on its own land for under the typical entry cost for similar stock in the region. The smaller land size, while a constraint for some, also keeps the purchase price accessible. This property serves the first-home buyer or the investor seeking a lower capital outlay in a location with solid infrastructure and proximity to the Ipswich CBD. Its positioning is as a practical, no-fuss home rather than a premium or character offering.
The flood overlay confirmed on the street is the primary factor that may materially affect both value and future saleability. It is not a guarantee of flooding, but it does introduce a layer of risk that lenders and insurers will assess, and it may narrow the buyer pool. The older building stock, implied by the 2020 sale price, may also present maintenance considerations that a newer property would not. A buyer should weigh the potential for slower capital growth against the lower entry price, and factor in the cost of a building and pest inspection to understand the true condition of the house before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Coyne Street, One Mile QLD 4305
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
One Mile presents as an affordable entry point to the Ipswich corridor, attracting working families seeking value. Demand is driven by this demographic, evidenced by strong sales volumes and rapid turnover. Recent price growth has been robust, reflecting sustained market momentum in a tightly held environment. Future prospects are underpinned by relative affordability, though limited current listings suggest supply constraints could influence price stability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
522m²
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