3 Madigan Road, Tannum Sands QLD 4680

4-bed brick home | 620m² elevated lot | private entertainment area | catchment for local schools | sold 2023 This property presents a competitively strong, low-maintenance family home in a practical location. Its four-bedroom, two-bathroom configuration with dual living areas and air-conditioning throughout is a complete, modern package for owner-occupiers seeking immediacy or for investors targeting the family rental market. The 620m² elevated block provides usable outdoor space and sea breezes, while the absence of overlays simplifies due diligence. The recent sale indicates a refreshed transaction history, and the current rental listing demonstrates immediate income potential in a growing area. This house best serves a buyer looking for a turnkey solution without compromise on space or amenities. Your decision hinges on reconciling its December 2023 sale price against current market momentum. The primary risk is paying a premium based on recent rapid appreciation, as comparable properties on the same street suggest a higher value band. The opportunity lies in securing a property with proven rental demand and a configuration that appeals to the broadest segment of the local market. The commercial logic is clear: acquire a durable, low-set brick house in a family-centric catchment and hold it for sustained capital growth driven by area development, while the rental yield covers carrying costs. Proceed with an offer calibrated against fresh comparables, as this property is a hold. Recent sales on Madigan Road provide essential context: 5 Madigan Road is estimated at $606,000 on 604m²; 6 Madigan Road, a 3-bedroom home, is estimated at $678,000 on 720m²; and 4 Madigan Road, a 4-bedroom home, carries a central estimated value of $660,000 on 720m². This establishes a value corridor significantly above this property’s last traded price, indicating either a compelling entry point or a need to verify the condition and presentation that led to its 2023 sale figure. Your offer must be justified by a current valuation, not historical data.