33 Thompson Avenue, Mount Morgan QLD 4714
33 Thompson Avenue, Mount Morgan QLD 4714
| High value gap vs recent comparable | Bushfire overlay manageable | Fibre ready | Rental yield above 4% |
The property sits $41,000 below a near identical sale on the same street, yet holds similar land and building metrics—this gap represents a measured negotiation window. The bushfire overlay is low risk at 1.8km from vegetation, and the council rates base appears favourable given the 125m² footprint. For a buyer, the house offers a strong rental yield exceeding 4% without premium flood insurance, making it viable as a hold-and-lease strategy if the inspection confirms no structural issues.
Three bedrooms on a flat 596m² block with secure parking and a shed is uncommon in this price band—most comparables lack the shed or direct street access. NBN Fibre adds working-from-home capability, a rare edge in regional markets. It suits a downsizer wanting low maintenance or an investor seeking immediate cash flow with room for incremental value through minor landscaping or internal updates.
For buyers, the credible comparable on Thompson Avenue anchors value near $380,000, suggesting the current list sits inside an achievable range. Any negotiation below that figure builds immediate equity.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 Thompson Avenue, Mount Morgan QLD 4714
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Mount Morgan presents as a mature, high-yield regional market with a stable, older demographic and a significant outright home ownership base. Demand is driven by strong investor appetite for affordable housing, evidenced by exceptional recent capital growth and tight rental vacancy rates. The market demonstrates robust momentum with high sales volumes and rapid turnover, though future growth faces constraints from a low-income economic base and a declining supply of listed stock.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
596m²
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