415 Stenhouse Street, Koongal QLD 4701
415 Stenhouse Street, Koongal QLD 4701
3-bed low-set on 782m² | Large block for street | $580/wk rent signal | Established family pocket | 3/1/2 layout
This house offers a genuinely useful configuration for Koongal—three bedrooms, one bathroom, and double parking on a block that sits at the generous end of the local scale. The 782m² allotment gives it breathing room that many nearby homes lack, making it suitable for a buyer wanting space for kids, a garden, or future additions without moving to a newer estate. It serves best a first-home buyer or small family seeking a solid, conventional dwelling in an established suburb where detached houses dominate and rental demand for standard family homes is consistent. The street itself reflects a mixed but practical housing stock, so this property fits comfortably within the neighbourhood’s character rather than standing out as unusual.
The value here may hinge on condition and internal presentation, as the core layout and land size are already competitive. Older housing stock in the area suggests maintenance could be a factor, so a buyer should weigh the potential need for updates to kitchen, bathroom, or flooring against the asking price. The large block may also offer subdivision or extension potential, though that depends on zoning and overlay checks. Rental income at around $580 per week appears supportive for an investor, but the final price will likely reflect how much work the property needs versus its move-in readiness. A careful inspection of the building’s age and any environmental overlays, such as bushfire considerations seen elsewhere on the street, would be prudent before committing.
|| Comparable Sales: 363 Stenhouse Street sold $443,000 (3/1/2); 406 Stenhouse Street sold $249,000 (3/1/1) | Property Price Band: $400,000–$500,000 | Value Drivers: land size, condition, parking layout
Detailed Independent Property Report prepared by PropCred Analyst team for 415 Stenhouse Street, Koongal QLD 4701
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Koongal, in Rockhampton, is a family-oriented market where demand centres on buyers aged 30-39 with young children, predominantly local-born labourers with certificate-level skills. The suburb’s 36% renter share points to a solid investor presence, though the 3.3% gross yield trails Queensland’s 4% average. House prices have climbed sharply, with medians around $495,000–$516,000 and annual growth between 12.1% and 14.4%; homes sell within 11–43 days, and annual sales of 79–97 indicate healthy turnover. A Boomscore of 53 confirms steady conditions. Future growth is supported by infrastructure links via Horton Street, Lakes Creek Road and other key routes, but constraints include a 0.79% population decline from 2016–2021 and thin unit data due to only six sales, making houses the primary investment option.
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PropCred Estimated Value
Comparable Sales: 363 Stenhouse Street sold $443,000 (3/1/2); 406 Stenhouse Street sold $249,000 (3/1/1) | Property Price Band: $400,000–$500,000 | Value Drivers: land size, condition, parking layout
Bedrooms
3
Bathroom
1
Parking
7
Land
783m²
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