28 Corella Street, Craiglie QLD 4877
28 Corella Street, Craiglie QLD 4877
4-bed family home | in-ground pool | low-maintenance 700mΒ² block | within top school catchments | fibre broadband
This property presents a competitively strong offering within its specific market segment. Its configuration-a four-bedroom, two-bathroom home on a fully fenced 700-square-metre block with a pool-directly aligns with the dominant demand profile in Craiglie for spacious, family-ready homes. The 34% building coverage and noted low-maintenance gardens translate to a practical living format, reducing holding costs and time investment for an owner-occupier. It serves the family buyer decisively, positioned within the catchments for Port Douglas State School and Mossman State High School, which anchors its long-term appeal and rental demand. The recent rental listing at $950 per week signals solid income potential, reinforcing its dual-purpose utility for either a permanent residence or an investment.
The primary risk mechanism is the price discovery challenge against thin comparable sales data. The property last sold in January 2022 for $775,000, and the immediate market has since seen limited, partially comparable transactions. A late 2025 sale of a larger home (788mΒ², 302mΒ² building) at $865,000 sets a ceiling, while another incomplete listing at $1.3 million is an outlier. This data gap costs the buyer certainty and necessitates a disciplined valuation approach to avoid overpaying for perceived scarcity. The opportunity lies in acquiring a turnkey family property in a consistent suburb pocket; its standard land size and completed features like the pool and fencing limit future capital expenditure. The judgment call is to proceed only at a price reflecting the 2025 comparable evidence, positioning this house as a long-hold family base or a stable rental, given its configuration and catchment advantages are permanently fixed.
Recent comparable sales provide critical context: a 4-bed, 2-bath, 2-car property on 788mΒ² sold for $865,000 in July 2025 after 22 days on market, and an incomplete listing in December 2025 was priced at $1,300,000. This establishes a credible upper benchmark near $865,000 for a larger property, indicating your target property’s value likely sits below this point, justifying a firm negotiating position against any ask approaching the 2022 sale price plus general market growth.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Craiglie presents a market in a corrective phase, with house prices experiencing a recent softening while units have seen more pronounced declines. This has created a relative affordability window, particularly for houses, which continue to attract solid rental demand as evidenced by a tight vacancy rate and yields that remain attractive for investors. The extended time on market suggests a more selective buyer pool, likely dominated by long-term investors and owner-occupiers drawn to the area’s established rental profile. Future performance will hinge on broader economic conditions and local supply dynamics, with the current adjustment phase offering entry points amid sustained rental fundamentals.