370 Marshall Road, Tarragindi QLD 4121
370 Marshall Road, Tarragindi QLD 4121
Post-war Tarragindi house | 607m² rectangular lot | side access for potential | no overlay constraints
This property presents a strong entry point into a tightly held Tarragindi market where 79% of residents are owner-occupiers and median days on market sit at 18. The 607m² rectangular lot with side vehicle access and no bushfire, flood, or heritage overlays offers rare configurable land in a suburb where comparable 3-bedroom houses command a $1.45m median. The 28% site coverage on a 7m roof height structure leaves meaningful scope for renovation or extension without triggering full rebuild costs. Hardwood floors and a covered rear deck provide immediate livability, while the Wellers Hill and Holland Park State High catchment adds family buyer appeal. This property suits a buyer seeking land bank value with rental hold capacity at $710pw mid-range, or a renovator looking to unlock equity through modest capital works.
The primary risk is the 1955 build age and 167m² floorplate, which may limit financing options for some buyers and requires due diligence on wiring, plumbing, and termite history. The $1.25m+ offer range sits below the $1.36m estimated value but above the $252,500 2004 purchase price, meaning the seller holds low cost base and may have room to negotiate. The recent sale of 366 Marshall Road at $1.366m for a 4-bedroom variant provides a direct comparable ceiling. The opportunity lies in the side access and absence of overlays, which allow for a future granny flat or subdivision feasibility study at minimal upfront cost. Hold this property for land appreciation in a 76% auction clearance suburb, or renovate to capture the median gap.
Detailed Independent Property Report prepared by PropCred Analyst team for 370 Marshall Road, Tarragindi QLD 4121
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Tarragindi is a high-demand, family-dominated suburb with a strong owner-occupier culture, underpinned by a high-income professional demographic. This drives rapid house sales and robust price growth, though the unit market remains notably inactive. Future performance is anchored by this sustained family demand, yet the lack of diverse housing supply presents a key constraint to broader market depth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
607m²
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