44 Victory Street, Raceview QLD 4305

44 Victory Street, Raceview QLD 4305
Cul-de-sac position | 625sqm fully fenced | 3-bed lowset with drive-through garage | established owner-occupied street The buying case here is grounded in scarcity of supply. A 625sqm fully fenced lot at the quiet end of a cul-de-sac, on a street where 85% of neighbours own and 63% are long-term, is a configuration that rarely turns over. The drive-through garage access and garden shed add functional land-use flexibility that most comparables lack. The property suits a buyer wanting a low-maintenance house with good school catchmentโ€”Raceview State School within 500mโ€”and a layout that works for a family or downsizer. The 1993 last sale means the vendor has held through multiple cycles, often a signal of realistic pricing expectations relative to recent market activity. The key risk is the absence of recent street sales data, making price discovery dependent on broader suburb trends rather than direct comparables. The current list price sits above the upper range of value estimates, which means a buyer should negotiate from a position of informed restraint. The upside is the lot’s potential for future subdivision or a granny flat, subject to council approval, given the 625sqm size and existing building coverage of 23%. Hold for the land and location; the house is a functional wrapper, not the primary value driver.

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

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Market Insight:

Raceview is a family-oriented suburb with a stable, working demographic, currently experiencing exceptionally strong price growth and rapid sales turnover. Demand is driven by owner-occupiers, evidenced by high mortgage uptake and swift market activity. Recent conditions show a consistently hot market with houses selling quickly. Future growth is underpinned by this sustained high demand, though the market’s current pace may present a constraint if affordability pressures emerge.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

625mยฒ

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