29 Deighton Street, Mornington QLD 4825
29 Deighton Street, Mornington QLD 4825
2-bed house on 1012 m² | Medium-density suburb | Strong rental yield profile | FTTP and 4G service | No overlay constraints
This house offers a genuinely uncommon combination in Mornington: a compact two-bedroom footprint sitting on a very large 1012 m² lot. In a suburb where medium-density zoning dominates and smaller blocks are the norm, this configuration stands out for its land-to-floor-area ratio. The practical appeal is straightforward—the house itself is modest, but the land provides flexibility for future expansion, outdoor living, or simply space that most comparable properties in the area do not offer. With existing rental history and a market that clearly rewards yield, this property serves best an investor seeking strong rental return with land upside, or a value-focused buyer wanting room to grow without paying a premium for a larger home.
The value picture here may be shaped by a few factors worth weighing carefully. The large land size could support subdivision or development potential under the suburb’s medium-density zoning, though no specific planning assessment has been confirmed, so any such opportunity should be investigated directly with council. The house’s modest two-bedroom layout might limit appeal to owner-occupiers seeking more space, which could keep demand concentrated among investors and small households. Condition and finish level are not disclosed, so the property’s presentation may play a significant role in how it compares against other options in the market. Rental demand appears solid given the recent leasing history, but the balance between land value and dwelling value should be examined closely before forming a price view.
|| Comparable Sales: 69 Deighton Street house sold at $370,000; 11 Beverly Lane house sold at $375,000 | Property Price Band: $200,000–$300,000 | Value Drivers: Land size, rental yield potential, zoning flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Deighton Street, Mornington QLD 4825
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Mornington, in the Mount Isa Region of North Queensland, presents a high-risk, high-yield residential market. With a median house price of $246,000 after a steep 26.57% annual decline, and a low turnover of 16 house sales, affordability is evident but liquidity is thin. Demand is largely investor-led, driven by a gross rental yield of 10.94% for houses and 7.89% for units, with weekly rents of $440 and $320 respectively. The population is relatively small, with a high proportion of single-person households and most owners carrying mortgages, pointing to price sensitivity. Future growth hinges on sustained rental demand and sales activity, yet the recent price fall and limited transaction volume remain key constraints.
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PropCred Estimated Value
Comparable Sales: 69 Deighton Street house sold at $370,000; 11 Beverly Lane house sold at $375,000 | Property Price Band: $200,000–$300,000 | Value Drivers: Land size, rental yield potential, zoning flexibility
Bedrooms
2
Bathroom
1
Parking
1
Land
1012m²
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