36 Davey Street Glenella QLD 4740

36 Davey Street Glenella QLD 4740
Large 802sqm block | 367sqm home | 3-car garage plus shed | Rumpus and study | No flood or bushfire overlay The property offers a rare combination of generous land size and substantial internal space within a low-risk flood and fire zone, which is uncommon in this price band. The 367sqm floorplan with a separate rumpus room, study, and three garage spaces provides flexibility for a family needing room to grow or work from home. The fully fenced yard and outdoor entertainment area add practical appeal for households with children or pets. This configuration positions the house as a strong option for owner-occupiers seeking long-term utility rather than investors chasing yield, given the median rental estimate of $740 per week is modest relative to the $650,000 list price. The key risk is the propertyโ€™s last sale in 1992, which may signal deferred maintenance or outdated finishes that could require immediate capital outlay. Buyers should budget for potential upgrades to kitchen, bathrooms, or flooring, as the listingโ€™s floorboards and built-in robes suggest original or early-1990s condition. The 46% building coverage leaves room for future extension or a secondary dwelling, subject to council approval, which could improve value over time. The Mackay council area and established school catchments provide stable demand, but the property is not in a high-growth corridor. Hold as a long-term family home or consider a value-add renovation to lift equity before refinancing.

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

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Market Insight:

Glenella is a tightly held family suburb with a high-income demographic, underpinning its robust market. Demand is driven by owner-occupiers seeking established homes, evidenced by rapid sales and critically low rental vacancy. The market has experienced significant capital appreciation, with houses transacting swiftly, indicating strong competition. Future growth is supported by sustained buyer activity and rental demand, though constrained supply and rising prices present affordability considerations for new entrants.
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PropCred Estimated Value

Bedrooms

3

Bathroom

4

Parking

4

Land

802mยฒ

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