21/19 Stevenson Street, South Mackay QLD 4740
21/19 Stevenson Street, South Mackay QLD 4740
Modern 3-bed townhouse | 152m² internal space | 94m² lot | Main with ensuite & WIR | 1km to key markers
This property presents a competitively sized internal floor plan against its small land footprint, a configuration that delivers low-maintenance living without compromising space, rare in this segment. The main bedroom suite and modern kitchen cater directly to owner-occupiers seeking convenience or investors targeting professional tenants. Its positioning within established school catchments solidifies its family appeal, making it a versatile holding.
Decision hinges on reconciling its 2011 sale price against the current ask, requiring scrutiny of strata health and flood overlay implications from nearby data. The compressed land component limits land value appreciation, tilting investment logic toward rental yield. Proceed only if the price aligns with recent comparable evidence, positioning it as a long-term rental hold or a transitional home for five to seven years.
Recent comparable sale at 19 Stevenson Street, a near-identical townhouse, sold for $589,000 in February. This sale sets a direct benchmark, indicating the subject property’s listed price point is potentially positioned below the immediate market, pending condition and strata due diligence.
Detailed Independent Property Report prepared by PropCred Analyst team for 21/19 Stevenson Street, South Mackay QLD 4740
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
South Mackay is an emerging residential hub with strong fundamentals, anchored by its proximity to Mackay’s resource and agricultural economic base. Demand is driven by first-home buyers and interstate investors seeking affordability and high rental yields, supported by tight regional vacancy rates. Recent price growth has been significant, reflecting these fundamentals. Future growth is linked to sustained economic activity and infrastructure development, though rapid appreciation and supply constraints present key risks to entry and yield compression.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
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