292 Goodwood Road, Thabeban QLD 4670
292 Goodwood Road, Thabeban QLD 4670
Large block | school catchment | three-car capacity | 1950s build on 1,657 m².
The buying case rests on the unusually large residential block, which provides space, parking for three vehicles, and a shed-workshop combination that is uncommon on standard suburban lots. The property sits within the Thabeban State School catchment and near Bundaberg State High School, which adds practical appeal for households with school-age children. The 1950s construction, while dated, is positioned on a site where building coverage is only 28 percent, leaving meaningful outdoor area intact. The strong owner-occupier street profile and low renter mix suggest a stable neighbourhood context. This house is best suited to a buyer who values land size and utility over a modern interior and is prepared to work with an older structure.
The main constraint is the bushfire overlay shown in the planning data, which may limit certain uses or impose additional compliance costs. The price picture cannot be relied on from the visible evidence alone, as the listing guide and estimates differ without clear justification. A key unresolved question is whether the land holds any subdivision or development feasibility beyond current residential use, which would need to be established before full confidence in the property’s potential can be formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 292 Goodwood Road, Thabeban QLD 4670
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Thabeban is a high-growth, affordable Bundaberg suburb with a median house price of $615,000, significantly below the regional benchmark. Demand is driven by strong rental search activity and a dominant labourer demographic, with houses selling in as few as 8 days. Recent annual price growth of ~18% reflects intense competition, supported by a low vacancy rate and solid rental yields above 5%. Future growth is underpinned by high buyer search volumes, though a household income 23% below the regional average presents a key affordability constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
1657m²
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