4 Fourth Avenue, Parkside QLD 4825

4 Fourth Ave, Parkside | Under offer within 9 days | $85k discount vs Domain estimate | No flood or bushfire risk | Renovated bathroom and shed This property’s rapid sale under offer so soon after listing signals competitive demand at the lower price point, but the value gap between Domain’s $280k estimate and property.com.au’s $189k creates a clear risk of paying above market if the final price hasn’t settled. The recent renovations—new carpet, black matte tapware, and a powered shed—reduce immediate maintenance costs but the 817m² lot with only 18% building coverage means the buyer is effectively paying for land that may not yield further development upside under current residential zoning. The 2020 sale at $230,000 and the 2022 drop to $155,000 suggest market volatility, so this house should be held as a stable rental, not a flip opportunity; the $435/week rental potential gives a gross yield near 12% if acquired near the lower estimate, which is strong for Mount Isa. What makes this property competitively rare is the combination of school proximity—0.4km from Spinifex State College Junior Campus—and the fully fenced, largely flat block with a large undercover entertaining area, which appeals to families or investors seeking tenant retention. The renovated bathroom and partial Colourbond fencing add practical value without overcapitalisation, and the absence of bushfire or flood overlays removes common regional insurance headaches. This house best suits a buyer aiming for a entry-level investment with solid rental returns in a tight market, or a first-home buyer wanting move-in readiness without immediate capital outlays. To move forward, verify the final sale price against the two disparate valuations and inspect the shed’s foundation and electrical work for hidden costs—only then should you consider an offer.