22 Ford Street, Bongaree QLD 4507
22 Ford Street, Bongaree QLD 4507
Rare 81m² land lot | Coastal Bongaree | Clean overlays | Land-only purchase | Low-confidence value
This land parcel is positioned as a rare small residential site within a coastal suburb dominated by established housing and retirement stock. Its location near waterfront and national park edges, combined with a clean overlay profile, provides a practical base for a compact new dwelling. The property is best suited to a buyer intending to build a tailored small home, or a small-scale developer seeking a low-maintenance project in a lifestyle location. The absence of an existing structure removes demolition risk and allows construction to be aligned with current needs.
The property’s value might be influenced by its unusually small land size, which limits building design options and may affect lender financing. Zoning and site coverage rules could further constrain development potential. Low confidence in the available estimate suggests the final sale figure may vary. Buyers should weigh the combined cost of land and construction, plus the time to achieve a liveable residence, when forming a price view.
>> Comparable Sales: 79 Pentas Drive (vacant land) sold for $1.2M in 2022; 32 Ford Street (renovated house) sold for $1.0M | Property Price Band: $1.1M–$1.2M | Value Drivers: small land size, coastal proximity, development flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Ford Street, Bongaree QLD 4507
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Bongaree is positioned as a high-growth housing market, with median house prices ranging from $900,000 to $944,228 and annual capital growth between 17.26% and 23.02% over the past year. Houses have appreciated 96.97% over five years, while units sit at $630,000 with 9.57% annual growth. Buyer demand is firm: 112 houses sold in 12 months and an average 27 days on market, with 4-bedroom houses moving in 42 days. Rental income supports investors, with house yields at 3.76% and units at 4.21%; median weekly rents are $650 for houses and $510 for units. Units offer a slightly higher yield, appealing to rental-focused buyers. Price growth has compressed yields, creating an affordability constraint for future buyers. The absence of data on vacancy, infrastructure, and school quality limits a fuller risk assessment.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
715m²
URL has been copied successfully!