27 Pelion Street, Bridgeman Downs QLD 4035
27 Pelion Street, Bridgeman Downs QLD 4035
4-2-2 family house | 529m² land | 255m² floor plan | high site coverage | owner-occupier suburb
The property is positioned as a competitively strong family house within Bridgeman Downs’ established detached-housing landscape. Its 255m² internal size is considered generous for the 529m² lot, with multiple living zones, a media room, a stone-benchtop kitchen, and ample storage being provided. An ensuite, bathtub, separate toilet, undercover entertaining, and a fully fenced backyard are included, making it well-suited to families seeking a modern, low-maintenance layout. Owner-occupiers are best served, as the configuration aligns with the suburb’s dominant household profile of around four bedrooms and family-oriented living. The position near schools, retail, and transport is reinforced as appealing to permanent residents rather than investors.
The high building coverage of 48% may be seen as a limitation on future extension options, which could matter for buyers seeking more outdoor space. The property’s relatively compact land area may be preferred by buyers who prioritise internal comfort over large backyards. School catchment attractiveness and the strong family-oriented demand in the area might be viewed as enhancing resale appeal, while the absence of detected flood, bushfire, or heritage overlays may be considered positively. These factors could be weighed when comparing this house against alternatives on larger lots.
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Pelion Street, Bridgeman Downs QLD 4035
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
The suburb spans 9.4 sq km with 14 parks covering 11.4% of its area and offers convenient access to Brisbane CBD. Demand is driven by affluent owner-occupiers (81% owner-occupied) alongside student renters near educational institutions. House prices rose 11.4% over the past year to a $1.56M median, after a 105.6% five-year gain; units climbed 106.5% over five years to $864k but were flat over the year. Homes sell in 22-24 days on average, with around 140 sales annually. Location, amenities and lifestyle appeal support steady demand, though the 3.3% gross house yield sits below Queensland’s 4% average, a constraint for investor returns.
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PropCred Estimated Value
Comparable Sales: Pelion Street 4/2/2 sold $1.45M in Sep 2024; 24 Pelion Street 4/2/2 sold $735K | Property Price Band: $1.3M–$1.4M | Value Drivers: 255m² floor plan, 529m² land, multiple living zones
Bedrooms
4
Bathroom
2
Parking
2
Land
528m²
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