28 Wakefield Cres, Kensington Grove QLD 4341
28 Wakefield Cres, Kensington Grove QLD 4341
Modern acreage entertainer | pool and shed | 2018 Coral Homes build | Fairways Estate setting
The buying case for this property rests on its combination of newer construction, a 4,104 m² block, and resort-style outdoor amenities in a premium estate. The 2018 build by Coral Homes reduces the deferred maintenance typical of older acreage properties, while the pool, shed, and solar array directly enhance lifestyle utility and ongoing cost efficiency. This configuration serves buyers seeking a turnkey family home with space for entertaining and practical acreage use, without the compromise of an older dwelling. The rental appraisal of $1,150–$1,200 per week signals strong demand from tenants willing to pay a premium for modern finishes and outdoor living, which supports a buyer’s exit strategy if circumstances change.
A specific risk is the discrepancy in parking counts, which may reflect limited garage capacity relative to the home’s size and the property’s appeal to multi-vehicle households. The 2023 sale history suggests a recent transaction, and while the estimated value around $1.26 million appears supported, buyers should verify whether the price reflects any premium for the estate setting versus comparable acreage blocks nearby. The opportunity lies in the property’s relative rarity: a modern, low-maintenance acreage home with strong rental yield potential, positioned to appeal to families and downsizers alike. Council rates of $1,438.57 per quarter are reasonable for the land size, and the solar installation provides a modest but ongoing operational advantage.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Wakefield Cres, Kensington Grove QLD 4341
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Kensington Grove is a rural-residential suburb characterised by acreage properties, attracting young families seeking substantial family homes. Demand is driven by this demographic, fuelling exceptionally strong price growth and a fast-moving market where houses sell quickly. Future prospects are tied to sustained demand for spacious living, though high price points and a limited supply of available homes present notable constraints to accessibility and market fluidity.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
1.01 acres
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