214 Pulgul Street, Urangan QLD 4655

214 Pulgul Street, Urangan QLD 4655
Large 4-bed house on 642mยฒ lot | No overlays | Prime school catchments | 38% building coverage | 5G & FTTP This property presents a competitively strong offering within the Urangan market, primarily due to its configuration and land position. A four-bedroom house on a 642 square metre block with no bushfire or flood overlays provides a rare and lower-risk foundation in the area, further strengthened by its placement within the catchments for both the local primary and high school, a key driver for family demand. The 38% building coverage and 244 square metre building size indicate a substantial family home with expansion potential, while the inclusion of solar panels and split-system air conditioning addresses modern cost-of-living expectations. This property serves a long-term owner-occupier best, particularly a family seeking space, stability, and established infrastructure without the premium for absolute beachfront proximity. The decision hinges on reconciling the asking price with recent sales evidence, which reveals a significant premium. Comparable sales on Pulgul Street itself, while including units and apartments, show house sales peaking notably lower, with 2/205 Pulgul Street at $655,000 and 47 Pulgul Street at $505,000 as recent benchmarks. This positions the $850,000 ask as an aggressive outlier requiring justification through superior land size, condition, or exact location. The opportunity lies in securing a large, unencumbered block in a stable, mature demographic area; the cost is the immediate premium paid against current street-level data. The commercial logic is to acquire for long-term hold, banking on land value appreciation, but only after rigorous negotiation to align price more closely with demonstrated market levels. Proceed with an offer strategy anchored to the $655,000 comparable, justifying any upward movement solely on quantifiable, superior attributes of this specific lot and construction.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 214 Pulgul Street, Urangan QLD 4655
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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.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

642mยฒ

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