24 Lemonwood Court, Douglas QLD 4814
24 Lemonwood Court, Douglas QLD 4814
Family-house pocket near university and hospital | 4-bed/2-bath detached norm | Mid-sized fenced lots | Quiet court setting | Early-2000s build era
This property sits in a stable, low-density pocket of Douglas that is dominated by detached family houses on mid-sized lots, typically 500–600 m². The street’s configuration—court location, fenced yards, covered patios, and double garages—suits owner-occupiers who want practical indoor-outdoor living without the maintenance of larger grounds. Its proximity to James Cook University, Townsville University Hospital, and Lavarack Barracks gives it a durable demand base, making it most attractive to professionals and families linked to those institutions, as well as investors seeking consistent rental interest from a broad tenant pool. The build era suggests solid construction but original finishes in many cases, so a well-maintained or lightly updated example would stand out in this pocket.
Value may be influenced by the degree of renovation relative to original early-2000s standard, as updated kitchens, flooring, and patio areas typically command a premium in this street. Land size variation across the pocket—from roughly 430 m² to 600 m²—could affect price, with larger blocks supporting higher value for family buyers. Flood overlay presence varies by lot in the immediate area, so a clear check on that specific property is worthwhile before forming a firm price view.
|| Comparable Sales: 2 Lemonwood Court sold $720,000; 5 Lemonwood Court sold $640,000 | Property Price Band: $600,000–$700,000 | Value Drivers: renovation level, land size, layout practicality
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Lemonwood Court, Douglas QLD 4814
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Douglas QLD 4814 is a tightly held residential market where houses command a median of $665,000, having risen 24.5% over the past year, while units lag at $390,000 with a 3.1% annual decline. Sellers find buyers within 11 days on average, and demand strengthened abruptly after Christmas, driven by a younger professional cohort aged 20–29 with above-average incomes. Annual house sales volume ranges between 50 and 134, pointing to a thin but active buyer pool. The growth trajectory looks supported by ongoing appetite, yet key constraints remain unquantified: rental yields, vacancy rates, and supply-side data are absent, and the rapid price escalation suggests affordability pressures could slow momentum.
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PropCred Estimated Value
Comparable Sales: 2 Lemonwood Court sold $720,000; 5 Lemonwood Court sold $640,000 | Property Price Band: $600,000–$700,000 | Value Drivers: renovation level, land size, layout practicality
Bedrooms
3
Bathroom
2
Parking
1
Land
352m²
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