40/24-26 Lipscombe Road, Deception Bay QLD 4508
40/24-26 Lipscombe Road, Deception Bay QLD 4508
2-bed villa-style unit | flood overlay applies | 4.0% gross yield | solar and courtyard | school catchment
This property reads as a house-like unit in a mixed low-rise setting, which gives it an edge over conventional apartments in the same corridor. The 2-bed, 1-bath layout with a study, secure parking, and outdoor entertainment area suits first-home buyers, downsizers, and investors seeking a tenant-friendly floorplan. Its position within a school catchment and the presence of solar panels add practical appeal, while the large strata parcel and villa-style configuration make it feel more substantial than typical walk-up stock. The estimated rent of $535 per week against a $687,000 value suggests a reasonable return for the area, and the active listing turnover on the street points to steady buyer interest rather than a thin market.
The flood overlay is the main factor that might temper buyer enthusiasm or limit financing options, and it should be weighed carefully against the property’s otherwise solid features. The price band implied by current estimates appears high relative to a nearby 2-bed villa sold at $415,000, which may reflect differences in condition, presentation, or internal size. Buyers should also consider that the estimated value has climbed sharply over time, as seen in a 3-bed unit in the same complex that sold for $242,500 in 2014 and now sits near $650,000. That trajectory suggests capital growth potential, but it also means the entry point is less forgiving than it once was.
|| Comparable Sales: 21/24-26 Lipscombe Road villa sold $415,000; 36/24-26 Lipscombe Road apartment sold $242,500 in 2014 | Property Price Band: $600,000–$700,000 | Value Drivers: flood overlay risk, villa-style layout with study and courtyard, solar panel installation and school catchment access
Detailed Independent Property Report prepared by PropCred Analyst team for 40/24-26 Lipscombe Road, Deception Bay QLD 4508
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Deception Bay is a middle-income suburb with strong demand from buyers and renters, evidenced by houses selling in 15-19 days and robust rental growth. Recent price growth is high, with median house values rising 10-15% annually. Key drivers include its active sales market and proximity to amenities, though affordability constraints and rate sensitivity present risks given current price levels.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 21/24-26 Lipscombe Road villa sold $415,000; 36/24-26 Lipscombe Road apartment sold $242,500 in 2014 | Property Price Band: $600,000–$700,000 | Value Drivers: flood overlay risk, villa-style layout with study and courtyard, solar panel installation and school catchment access
Bedrooms
2
Bathroom
1
Parking
1
Land
2.4 ha
URL has been copied successfully!