23 Cascade Street Raceview QLD 4305
23 Cascade Street Raceview QLD 4305
3 bed house on 610m² | Built 1975 | Listed $879k | Est value $898k | Rental $605pw |This three-bedroom house on a 610sqm block suits families or tradies needing garage space and backyard utility in a school catchment area. Built in 1975, it occupies 42% of the lot with 255sqm of living space spread over two levels, leaving room for its inground magnesium pool, fire pit, and expansive 9x7m shed with full rear yard access. The four car spaces including a remote garage and carport position it well for households with multiple vehicles or workshop needs, standing out on a quiet residential street where such storage is practical rather than extravagant. Properties like this draw first-home buyers upsizing, young families, or self-employed locals who value the rumpus room, study, and solar panels for everyday functionality over luxury finishes. In the local market, similar 3-bed homes on mid-sized blocks have held steady, with recent sales reflecting demand for flood-overlay aware but elevated sites near Raceview State School. The single bathroom, while updated, signals potential for renovation-minded purchasers aiming to modernise without starting from scratch. Long-term, the generous land size and NBN connectivity support holding value as Raceview families prioritise proximity to amenities over larger footprints. Its rental yield around $605 weekly underscores appeal for investors eyeing stable tenant pools in family-oriented pockets. Overall, this setup balances immediate liveability with scope for personal tweaks in a market favouring functional originals.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Cascade Street Raceview QLD 4305
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Raceviews pull comes from Ipswich infrastructure spillover, steady transport links, and buyers chasing sub-$750k houses with rental yields north of 3.7% while homes still sell within about three weeks. People are buying for the balance of entry price, solid rents and nearby schools, keeping demand firm and turnover brisk. Over the past six months prices have held upwards, keeping median houses near $720k with double-digit annual gains, though rising approvals and Ipswichs broader cycle pose the main risks even as ongoing affordability and new amenities underpin the growth story.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
4
Land
610m²
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