40 Underwood Cres, Harristown QLD 4350
40 Underwood Cres, Harristown QLD 4350
Clear title | strong rental demand | no flood or bushfire overlay | value above recent sale reflects market lift
The property presents a low-risk acquisition in a stable Toowoomba corridor. The October 2025 sale at $649,500 sits below current estimates of $704,000–$720,000, indicating the buyer captured immediate equity. Rental yield near 3.7% at $485–$510 per week supports a buy-and-hold strategy, though the single bathroom limits family appeal and future resale velocity. The absence of environmental overlays removes costly insurance or remediation risks. You can hold this house for steady cash flow or execute a light renovation to lift rent and capital position within two years.
What makes this house competitively rare is the 966-square-metre lot in a built-out suburb—land supply in Harristown is constrained. The rumpus room and sunroom add functional space for a young family or downsizer seeking separation of living areas. Solar panels and new flooring reduce immediate outlay for a buyer. This property best serves a growth-oriented investor or a first-home buyer wanting a turnkey home with land upside. To move forward, run a comparable rental analysis for the street and confirm the December 2025 lease price to validate yield assumptions.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Underwood Cres, Harristown QLD 4350
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Harristown is a mature, high-growth suburb with a median house price near $690,000, driven by strong demand from established, higher-income households. Recent annual growth exceeds 22%, supported by very high sales volumes and houses selling in as few as 9 days, indicating a tight, active market. Future performance hinges on sustaining this momentum amid affordability constraints, with unit yields and growth showing greater volatility than the robust house segment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
966m²
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