23 Rigby Cres, West Gladstone QLD 4680
23 Rigby Cres, West Gladstone QLD 4680
Elevated family house | 1,126 m² block | 3 bed, 1 bath | High-set with downstairs space | School catchment
This property’s strongest edge is its land. At over 1,100 m², it is significantly larger than most homes in this established pocket, which makes it a rare find for buyers wanting room to extend, add a shed, or simply enjoy space without strata constraints. The high-set design adds practical versatility: the main living level sits above ground, capturing breezes and natural light, while the downstairs area offers flexible utility space for storage, a workshop, or future conversion. The 177 m² floorplan is modest for the block, which means the value sits in the land and the potential it holds rather than the current internal footprint. This house suits a family or investor who values outdoor space, a quiet elevated position, and proximity to schools, and who is prepared to see the property’s long-term upside through renovation or redevelopment. It is not a turn-key premium home, but it is a solid, well-located base with genuine room to grow.
The sale price will likely be shaped by how a buyer weighs the land against the home’s age and condition. The house appears updated in places, but the overall build is older, and the 3-bed, 1-bath layout may feel dated to some. The large block offers redevelopment potential, but that depends on council approvals and the buyer’s appetite for project work. Rental demand is healthy, with an estimated $535 per week, which supports an investor purchase. The elevated position and lack of overlays reduce risk, but the absence of modern extras like air-conditioning or a pool may limit appeal for some owner-occupiers. Buyers should factor in the cost of any upgrades they would want, and consider whether the land’s potential justifies paying a premium over smaller nearby homes.
|| Comparable Sales: 18 Rigby Cres sold $460k; 28 Rigby Cres sold $439k | Property Price Band: $450k–$550k | Value Drivers: large land size, elevated position, redevelopment potential, school catchment
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Rigby Cres, West Gladstone QLD 4680
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
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
Comparable Sales: 18 Rigby Cres sold $460k; 28 Rigby Cres sold $439k | Property Price Band: $450k–$550k | Value Drivers: large land size, elevated position, redevelopment potential, school catchment
Bedrooms
3
Bathroom
1
Parking
2
Land
1126m²
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