23 Bean Avenue, Parkhurst QLD 4702

23 Bean Avenue, Parkhurst QLD 4702
Single-storey 2002 build | 600mยฒ manicured block | covered entertainment and spa | Parkhurst lifestyle pocket This property occupies a rare position in Parkhurstโ€™s current market: a low-set house on a full 600mยฒ block with established gardens, a large covered entertainment area, and an enclosed spaโ€”features that typically command a premium among families and downsizers seeking immediate lifestyle amenity without renovation. The 2024 sale at $477,000 sits well below current estimated values of $610,000โ€“$648,000, suggesting the buyer who transacted in June captured meaningful equity that now resets the entry point for a new purchaser. With three good-sized bedrooms, two with air conditioning, a modern bathroom, and security screens throughout, the house is configured for low-maintenance occupancy and appeals equally to owner-occupiers wanting a turnkey home and investors targeting the strong rental demand near primary schools and retail within a four-minute walk. The principal risk is that the propertyโ€™s condition and configuration may already be fully priced into the upper end of the current estimate range, leaving limited short-term capital growth unless the Parkhurst market continues its upward trajectory. The 96mยฒ floor area is modest for a three-bedroom home, which could constrain appeal for buyers seeking generous internal living space, though the open-plan dining and separate lounge partly offset this. An opportunity exists in the double gates providing rear access for a boat, caravan, or trailerโ€”a practical advantage in a region where recreational vehicle storage is valuedโ€”and the solar system offers ongoing utility savings that differentiate the property from comparable listings.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 23 Bean Avenue, Parkhurst QLD 4702
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Market Insight:

Parkhurst is a high-growth, family-dominated suburb with a young demographic and owner-occupier majority. Demand is driven by couples with children, supported by strong population growth and incomes well above the regional average. House prices surged 14-19% in the past year, with a median of $760k and rapid sales averaging just 9 days on market. Future growth is anchored by high owner-occupancy and demographic momentum, though the market is constrained by extremely low unit sales and rental supply, indicating limited diversity and potential rate sensitivity.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

600mยฒ

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