3 Hamersly Street, Redbank Plains QLD 4301
3 Hamersly Street, Redbank Plains QLD 4301
3 bed, 2 car, 466mยฒ lot | 1.5 km to two state schools | 12-day market | 1 bathroom discrepancy
This property presents a strong buying case primarily due to its positioning within a fast-selling market, where the average days on market is only twelve. The 466mยฒ lot size is competitively substantial for a three-bedroom house in Redbank Plains, offering a configuration edge over smaller blocks. Its location within 1.5 km of both a primary and secondary state school makes it particularly well-suited for a family buyer seeking convenient school catchment access. The two-car garage adds practical value in a suburb with a balanced owner-occupier and renter profile.
The primary risk is the bathroom count inconsistency between one and two, which must be verified through inspection or floorplans, as this directly impacts valuation and buyer appeal. The 2022 sale price is unspecified, limiting historical comparison. However, the opportunity lies in the property being listed for only one day, suggesting potential for a motivated seller and room for negotiation in a market where the median price is $745,000, well below the estimated $852,000.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 3 Hamersly Street, Redbank Plains QLD 4301
Market Insight:
Redbank Plains is a high-growth, family-oriented suburb positioned as an affordable entry point, with a median house price 11% below the state average. Demand is driven by young families, evidenced by 46% of households being couples with children and 36% of the population under 19, seeking 4-bedroom homes which dominate sales. The market is active and competitive, with median house prices rising 15.4% annually and properties selling in approximately 27 days. Future growth is supported by strong rental demand (58% renting), though this high investor presence and rate sensitivity present a key market constraint.