3 Fairmont Street, Runcorn QLD 4113

3 Fairmont Street, Runcorn QLD 4113
Brick lowset on 547sqm north-facing block | 1980 build fully updated | Walk to Runcorn Heights State School | Rare entry price for a ready-to-live house in this corridor This propertyโ€™s competitive edge is its combination of a rectangular north-facing block with a fully updated interior and established tropical gardensโ€”features that typically command a premium in Runcornโ€™s current market. The 193sqm floorplan with three built-in bedrooms and a separate water closet gives it a practical layout that suits families and downsizers alike, while the tiled alfresco and large backyard offer genuine outdoor liveability without the maintenance burden of a larger block. For a buyer seeking a move-in-ready house in a school catchment with 11.9% annual growth, this property positions well against newer townhouses that lack land or older homes needing work. The bushfire overlay is the primary risk hereโ€”it may affect insurance premiums and could narrow the buyer pool at resale, particularly for investors. The single bathroom is a functional limitation for families with older children or dual-occupancy use, and the 1980 build means potential for future upgrades to insulation or energy efficiency. However, the FTTP connection and 5G coverage add genuine appeal for remote workers, and the 32-day average days on market suggest balanced conditions favouring a prepared buyer. Hold this property as a long-term family home or rent it at $740 per week for a 3.3% yield while the suburbโ€™s growth trajectory continues.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Runcorn presents a compelling entry point for Brisbane’s established middle ring, with its housing market demonstrating robust capital appreciation and strong buyer competition. Demand is anchored by middle-income households, creating a stable foundation. The market is characterised by swift sales and competitive offers, indicating sustained buyer urgency. While current momentum is positive, future growth will depend on broader economic factors, as the local demand-supply balance suggests a potential moderation in price acceleration.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

547mยฒ

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