38 Mount Maroon Street, Algester QLD 4115
38 Mount Maroon Street, Algester QLD 4115
6 beds | 4 baths | 800m² | 270m² build | Dual-living layout | Fully renovated
This property stands apart from the typical Algester family home. Most houses in the suburb offer four bedrooms and two bathrooms on blocks between 450 and 620 square metres, so this 800-square-metre lot with a six-bedroom, four-bathroom configuration places it at the top end of local stock. The fully renovated condition—new kitchen, bathrooms, flooring, paint, and landscaping—means a buyer steps into a finished home without immediate maintenance or upgrade costs. The layout, described as a main house plus a self-contained flat and a studio with ensuites, makes it particularly suited to multi-generational households, extended-family living, or owners who want independent accommodation for guests or older children. The 2003 build year is a practical advantage too, offering modern construction standards while still being young enough to feel current. With no flood, bushfire, or heritage overlays detected and full fibre NBN plus 5G coverage, the property carries minimal environmental or connectivity risk. This is a home for a buyer who values space, flexibility, and move-in readiness over location prestige.
The size and configuration may attract a narrower pool of buyers than a standard four-bedroom house, which could affect how quickly it sells and the level of competition at the top end. The dual-living arrangement, while a genuine strength for some, may not suit a traditional family wanting a single open-plan layout. The 800-square-metre block with subdivision potential, subject to council approval, adds a layer of future flexibility that could justify a premium for land-banking buyers, but that opportunity remains speculative until approval is confirmed. The elevated position and roof height of six metres suggest good street presence and potentially better natural light or airflow, but the exact orientation is not clear, so a buyer should verify how the living areas face the sun. The property’s value may also be supported by its renovated condition relative to older, unrenovated homes in the area, though the larger footprint means ongoing utility and maintenance costs will be higher than typical suburban stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Mount Maroon Street, Algester QLD 4115
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Algester QLD 4115 is an established residential market with modest transaction volumes. Demand is anchored by family households—couples, with and without children, and single parents—reflected in sales of 116 houses and 24 units over the past year. The median house price has settled around $1.04 million, with annual growth between 9.3% and 10.1%. Units are firmer, up 12.1% annually to a $709,000 median. Houses transact in 22 to 36 days, and yields are modest: 3.68% for houses, 4.35% for units. This demand-supply imbalance is the primary growth driver, yet supply remains variable—recent listings ranged from 13 to 22 rentals and 8 to 13 sales. The key risk is affordability; a $1 million-plus median with a 3.68% gross yield leaves limited buffer for rate-sensitive buyers.
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PropCred Estimated Value
Comparable Sales: 19 Mt Maroon Street, 4 bed, 616m², sold $1.289M | Property Price Band: $1.2M–$1.3M | Value Drivers: Renovated condition, 800m² land size, dual-living layout with granny flat and studio
Bedrooms
6
Bathroom
4
Parking
2
Land
800m²
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