37 Murray Street, Tully QLD 4854
37 Murray Street, Tully QLD 4854
3 bedrooms, 1 bathroom, 2 parking spaces. Floor size 105m² on a 986m² lot. Single-story detached house with polished timber floors, new kitchen and bathroom, fresh paint, high ceilings, air conditioning, fully fenced yard with fruit trees and raised vegetable gardens.
This property is competitively positioned as a fully renovated village character home on a generous lot in Tully, a rural locality where such turnkey condition is uncommon. The recent kitchen and bathroom upgrades, combined with polished floors and high ceilings, set it apart from typical older stock that often requires immediate work. The established gardens and fenced yard add lifestyle appeal for buyers seeking a quiet, spacious setting with room for gardening or small-scale agriculture. It serves best a buyer who values a move-in ready home with character and land, rather than needing proximity to major urban services.
The significant gap between the listing price and what automated models suggest may reflect a genuine renovation premium that those models have not yet captured, or it could indicate an aspirational starting point. The land size discrepancy between 986m² and 941m² should be clarified through a survey, as it could affect per-square-metre value. The property’s location in a low-lying area may carry flood risk, which is a known factor in Tully and could influence both insurance costs and buyer demand. Rental yield estimates appear strong if the lower valuation is accurate, but this should be tested against local vacancy data.
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Murray Street, Tully QLD 4854
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Tully demand is driven by affordable regional entry prices, strong rental yields and ongoing employment from the sugarcane industry, attracting both yield-focused investors and lifestyle buyers. Buyers see upside from recent suburb-wide gains and limited supply, but key risks are frequent flood and cyclone exposure and reliance on agriculture; opportunities lie in infrastructure investment and any local industry diversification. Broadly, prices have shown a noticeable uptick over the past six months after strong annual growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
986m²
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