35/55-59 Drayton Road, Harristown QLD 4350
35/55-59 Drayton Road, Harristown QLD 4350
1-bed unit in a 51-lot gated complex | 35–44 m² compact footprint | 1 car space included | 11% gross yield potential at $180pw rent
This unit occupies a specific niche in Harristown’s market as a low-entry, fully self-contained dwelling within a gated multi-unit complex. Its configuration is rare for the suburb, where detached houses dominate, and it serves entry-level owner-occupiers, downsizers, and investors seeking budget rental stock. The implied gross rental yield of approximately 11% based on recent rent and sale figures is unusually high, reflecting strong demand from single-occupant and budget renters for compact, secure accommodation. The gated setting adds a layer of perceived security that may broaden its appeal beyond pure price sensitivity.
The limited internal space of 35–44 m² may deter buyers accustomed to suburban floor plans, and the lack of verified finish quality, building age, or aspect data introduces uncertainty when comparing it to other units in the complex or similar stock nearby. The property’s value is heavily tied to rental income potential rather than owner-occupier amenity, so any shift in local rental demand or vacancy rates could affect price stability. Buyers should weigh the high yield against the constraints of a small footprint and the need for a thorough inspection to confirm condition and common-property upkeep.
Detailed Independent Property Report prepared by PropCred Analyst team for 35/55-59 Drayton Road, Harristown QLD 4350
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
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1
Income Risk
✕
2
Execution Risk
!
1
Harristown QLD 4350
Harristown is a mature, high-growth suburb with a median house price near $690,000, driven by strong demand from established, higher-income households. Recent annual growth exceeds 22%, supported by very high sales volumes and houses selling in as few as 9 days, indicating a tight, active market. Future performance hinges on sustaining this momentum amid affordability constraints, with unit yields and growth showing greater volatility than the robust house segment.