40 Greathead Road, Ashfield QLD 4670

40 Greathead Road, Ashfield QLD 4670
4 bed brick family home | 710mΒ² lot with side access & powered shed | 5kW solar | quiet pocket near high school This property presents a competitively strong, low-maintenance family residence. Its solid 2009 brick construction on a large, fully-fenced block with dual living areas and extensive outdoor amenities caters specifically to families seeking space and practicality. The recent 5kW solar installation and lack of development overlays provide immediate cost savings and security, positioning it as a turnkey home for owner-occupiers focused on long-term livability over renovation. The primary decision point is the significant price growth since its last sale, which demands scrutiny. The premium asked requires validation against recent local sales, not just the decade-old purchase. For a buyer, the opportunity lies in securing a modern, energy-efficient house on a substantial lot in a established area. This property is best acquired as a permanent family home, where its functional layout and low-maintenance finishes can be fully utilized over many years. The sales history indicates a substantial increase in value. It sold for $395,000 in February 2015 and is now listed at $869,000. This represents a notable appreciation, underscoring the market movement in the area over the past decade. Prospective buyers should focus on justifying the current asking price against very recent comparable sales to ensure they are not overpaying for past growth.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Ashfield is a high-growth Bundaberg suburb, with its median house price of $860,000 reflecting a significant 17% annual increase, supported by just 18 annual sales indicating tight supply. Demand is driven by young professional families, evidenced by an average age of 35 and a median weekly household income of $2,315. The market is active, with houses averaging 26-44 days on market and recent sales exceeding $1 million. Future growth is linked to this strong demographic profile, though the rapid price escalation and limited sales volume present affordability and liquidity constraints.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

4

Land

Assessments Delivered Today

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