38/2 Pateman Parade, Thornlands QLD 4164
38/2 Pateman Parade, Thornlands QLD 4164
Modern two-storey townhouse | 3–4 bed flexible layout | Family-friendly Thornlands pocket | Strong rental appeal | Courtyard living
A competitive edge is found in the modern two-storey configuration, by which flexible family space and low-maintenance living are offered. The property is positioned within a contemporary townhouse enclave that is well matched to Thornlands’ family-oriented character, with school catchments and childcare being close by. First-home buyers, small families, and downsizers are served best, as everyday practicality and rental appeal are supported by the layout. The presence of private courtyard space and remote garage is added as a convenience, while external upkeep is reduced by the strata format compared to detached houses.
The value may be influenced by the exact aspect and internal size, which might vary between unit types. Perceived space and light could be affected by floor position and orientation. Long-term costs may be shaped by build age and strata maintenance. An end position or extra garden could be valued as a premium. Buyers should be informed by these factors when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 38/2 Pateman Parade, Thornlands QLD 4164
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Thornlands is a 21.7 sq km family-focused suburb in QLD 4164 where 71.1% of homes are owner-occupied and professional couples with children drive demand. The median house price has climbed 17.2–18.4% annually to $1.145–$1.2 million, while units sit near $712,000 with 18.7% growth. Houses transact in 16–35 days, reflecting scarce stock: only 26 listings last month against 308–351 annual sales. Rental demand is firm, with house rents up 8–10% to $730–$750 weekly; gross yields are modest at 3.66% for houses and 4.63% for units. Future support comes from a 31.1% population surge since 2016 and 34 parks covering 7.1% of the suburb, but affordability constraints and rate sensitivity temper the outlook, evident in yields well below rental growth.
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PropCred Estimated Value
Comparable Sales: 2 Pateman Parade sold in 2020 for $399,000 | Property Price Band: $1.0M–$1.1M | Value Drivers: modern condition, flexible layout, courtyard and parking
Bedrooms
3
Bathroom
2
Parking
1
Land
2.66 ha
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