36 Erap Street Mount Isa QLD 4825
36 Erap Street Mount Isa QLD 4825
3 bed house on 645mΒ² lot|Built 1965|Est value $248k|Bushfire overlay| Currently listed $320k |School catchment. This three-bedroom house on a 645mΒ² block suits small families or mining workers seeking practical living near Barkly Highway State School. The property delivers straightforward utility with its single living area, split system air con, and fully fenced yard, ideal for low-maintenance family routines or secure pet areas. At 26% building coverage on the lot, it leaves ample space for outdoor use or potential side extensions, common in this residential low zone. Built in 1965 with 169mΒ² under roof, it represents classic Soldiers Hill stockΒmodest yet durable for the local climate at 342m elevation. On Erap Street, it aligns with similar mid-century homes, neither standout nor outlier, appealing to buyers who prioritise affordability over modern flair. First-home buyers and downsizers from larger properties often target these, drawn by the 4G coverage and NBN for remote work. Comparable three-beds in Mount Isa hold steady, with recent sales around this size fetching solid prices amid mining demand, as seen in its 2024 transaction. Long-term, the generous land and no flood risk bolster holding value, even with the bushfire buffer, for owners planning gradual updates. Market positioning remains resilient for entry-level ownership in a stable street setting.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Mount Isa is a major mining centre with housing demand heavily tied to resource sector employment and commodity cycles. The market experiences sharp fluctuations depending on mining activity, workforce demand and company investment. While rental yields can be strong during boom periods, capital values can be volatile. Limited diversification of the local economy adds risk to long-term stability. Price trends are cyclical rather than consistently upward.