3/28 Cherrytree Place, Waterford West QLD 4133
3/28 Cherrytree Place, Waterford West QLD 4133
3-bed townhouse | compact strata living | established complex | strong rental demand | flood overlay caution
This townhouse competes well for first-home buyers and downsizers seeking low-maintenance living in an established pocket of Waterford West. Its three-bedroom, two-bathroom layout with single parking is practical and matches what active renters and owner-occupiers in the area typically want. The complex sits close to schools, daycare, and transport, which strengthens its appeal for families starting out or investors targeting steady rental interest. Being part of a small townhouse and house mix gives it a quieter, more settled character than larger high-density developments, and the older build era means the property may offer more internal space than newer, tighter designs. This suits buyers prioritising function and location over modern finishes.
The value picture may be shaped by the property’s condition and any upgrades, since the complex shows wide sale variation depending on fitout and presentation. A flood overlay noted on nearby properties could influence insurance costs or buyer perception, though no specific impact on this unit is confirmed. The lack of individual land entitlement keeps the price lower than detached houses, but it also limits capital growth potential. Rental demand appears steady given active townhouse listings in the suburb, yet competition among similar units may cap yield growth. Buyers should weigh the trade-off between affordability and long-term appreciation.
|| Comparable Sales: 4/28 Cherrytree Place sold $257,000–$265,000; 8/28 Cherrytree Place sold $249,000 | Property Price Band: $250,000–$350,000 | Value Drivers: internal condition, renovation level, flood overlay perception, rental yield potential
Detailed Independent Property Report prepared by PropCred Analyst team for 3/28 Cherrytree Place, Waterford West QLD 4133
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Waterford West is a family-oriented suburb with strong recent capital growth, driven by young families and trades-based households seeking affordable entry into the market. This demand has fueled a robust house market characterised by rapid sales and significant value appreciation. Future growth is underpinned by sustained population increases and high owner-occupier presence. However, the unit segment remains stagnant, presenting a clear divergence in market performance and a key constraint for investors.
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PropCred Estimated Value
Comparable Sales: 4/28 Cherrytree Place sold $257,000–$265,000; 8/28 Cherrytree Place sold $249,000 | Property Price Band: $250,000–$350,000 | Value Drivers: internal condition, renovation level, flood overlay perception, rental yield potential
Bedrooms
3
Bathroom
2
Parking
1
Land
171m²
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