22 Herbertson Street, West Gladstone QLD 4680

22 Herbertson Street, West Gladstone QLD 4680
Large 822m² parcel | outdated 3-bed house | renovation upside | established suburb | price gap to comparable This property offers a genuinely rare commodity in an established suburb: a substantial 822m² level site with a functional but dated three-bedroom house. The configuration is well suited to a buyer seeking space, parking flexibility, or future extension potential without paying a premium for a polished home. The house itself is likely to be plain and serviceable, which means the value sits primarily in the land and the opportunity to improve. It serves best a hands-on renovator, a growing family wanting yard room, or an investor seeking a lower-entry cost with structural upside. The suburb context is mature and settled, with a mix of older homes and local amenities nearby, making this a practical rather than flashy purchase. The property is competitively positioned for anyone willing to see beyond current finishes. The value of this property may be influenced significantly by its state of condition and the extent of immediate repairs or cosmetic updates needed. A dated kitchen or bathroom might require budget allocation, while a well-maintained shell could support a quicker re-sale or rental. The large land size may also allow for a future subdivision or rear development, though that would depend on local zoning and council requirements. Buyers should weigh the cost of bringing the house to a comfortable standard against the likely market response in this value-conscious area. Presentation at inspection and any existing structural or pest issues might narrow or widen the price band noticeably. >> Comparable Sales: similar 3-bed homes on large lots in the area have sold in the $520k–$620k range | Property Price Band: $500k–$600k | Value Drivers: land size, condition of improvements, renovation potential
Detailed Independent Property Report prepared  by PropCred Analyst team for 22 Herbertson Street, West Gladstone QLD 4680
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
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Market Insight

West Gladstone is a family-oriented, owner-occupied suburb in the Gladstone region, with tradespeople forming the core buyer base and weekly household income running high by regional standards. Demand is driven by local employment, schools, parks and shopping, with 174–179 house sales over the past year and a median listing time of just 16 days. House prices have climbed to roughly $450,000–$510,000, with annual growth of 19–25%; units sit near $340,000, with growth reaching 31%. Gross rental yields are solid at 5.1–5.5% for houses and 6.4% for units, keeping investor interest active. Future growth hinges on Gladstone’s employment stability, while affordability constraints and cautious capital growth expectations temper the upside.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

822m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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