38 Chancellor Drive, Urraween QLD 4655
38 Chancellor Drive, Urraween QLD 4655
4 bed, 2 bath, 2 car | single-storey family house | 621mยฒ established block | built 1997 | ground-level living
This is a straightforward detached family house on a solid suburban block, which is competitively strong for Urraween because it offers single-level living with four bedrooms and two car spaces on a sizeable lot. Built in 1997, it sits in the established housing stock rather than newer infill, which may appeal to buyers wanting a settled neighbourhood with mature gardens and space. The configuration serves owner-occupiers best, particularly families or downsizers seeking a practical home without stairs, and the ground-level layout is a genuine advantage for long-term livability or aging in place.
The 1997 build age may affect value if major systems like roofing or plumbing are approaching replacement cycles, so a buyer should weigh potential maintenance costs against the asking price. Without confirmed internal finishes or aspect, the property’s true condition and light quality remain uncertain, which might influence how competitive it feels compared to updated homes nearby. These factors should be explored during inspection to form a clear view on price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 38 Chancellor Drive, Urraween QLD 4655
Market Insight:
Urraween presents a robust, high-growth market, with house prices surging at nearly 10% annually to a median of $749,508. Demand is underscored by rapid sales, with houses typically transacting within 17-21 days and strong annual sales volume. The unit market, though limited in data, shows explosive price growth of 25.7%. This velocity suggests high buyer competition, likely driven by investors and owner-occupiers attracted to solid rental yields around 4.6%. Future growth will hinge on sustained demand, though the market’s current pace and limited unit supply present a potential constraint on affordability and entry.