33 Shelley Street, Scarness QLD 4655

33 Shelley Street, Scarness QLD 4655
4-bedroom on 745mยฒ | Scarness fringe | 14% site coverage | 2022 floorplan | Kawungan catchment The property’s primary advantage is its sub-700k price point for a four-bedroom house on a 745mยฒ lot in a coastal suburb where the median has moved past 760k. The low 14% site coverage means the house sits lightly on the land, leaving genuine scope for a future extension, granny flat, or subdivision, provided council zoning permits. This configuration suits a buyer who wants immediate occupancy in a quiet street with good school catchment access, while banking land value uplift over the medium term. The 2022 sale at 479k reflects the floorplan’s age and modest bathroom count, but the current list price still sits below the estimated value range, which suggests some negotiating room. The key risk is the single bathroom in a four-bedroom house, which limits appeal to families and may suppress resale velocity. The 106mยฒ building footprint is tight for four bedrooms, likely meaning small rooms and limited living space. Rental demand appears moderate based on the 575pw median, and the lack of NBN FTTP may deter some tenants. The opportunity lies in using the land component as a long-term store of value while the house provides immediate shelter or cash flow. Hold for land appreciation rather than expecting strong capital growth from the dwelling itself.

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

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Market Insight:

Scarness presents as a mature, established coastal suburb with a demographic skew towards retirees, which underpins its stable, lifestyle-driven market. Demand is primarily fuelled by this demographic seeking downsizing or seachange opportunities, supported by strong investor interest due to solid rental yields and low vacancy rates. Recent price trends indicate robust capital growth across housing types, reflecting an active and competitive market with tight supply. Future growth is anchored in its enduring appeal as a lifestyle destination, though key constraints include affordability pressures from rapid price appreciation and a tightening sales pipeline that could limit market fluidity.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

1

Land

745mยฒ

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