32 Stavewood Street, Algester QLD 4115

Renovated lowset on 559sqm | 83% auction clearance street | No flood or bushfire overlay | 5m roof height detected The property’s competitive edge lies in its fully renovated condition on a flat, unencumbered 559sqm lot in a street with 83% auction clearance and 85% owner-occupancy. The new roof, fresh finishes, and dual-roller-door garage reduce immediate capital outlay, while the absence of flood or bushfire overlays lowers insurance and holding risk. This house suits a buyer seeking a move-in-ready home in a stable, low-turnover pocket of Algester, where the median for four-bedroom houses sits at $1.09m and recent nearby sales show consistent annual growth near 16%. The key risk is that the property’s renovation may not command a premium above comparable unrenovated stock in a market where days on average are only 19, limiting negotiation leverage. A prior sale at $936,000 in 2025 suggests the current price range of $1.1m–$1.2m reflects a significant uplift, which may compress future capital gains in the near term. The opportunity is in the street’s strong owner-occupier demand and the FTTP connection, which supports long-term appeal for families or remote workers. Hold for at least five years to let the renovation premium amortise into market growth.