47 Narelle Cres, Rochedale South QLD 4123

3 beds, 2 baths, 2 parks on 607m² | Strong street with 85% owner-occupiers | No fixed price, recent comparable at $925k | 0.3km to primary school, no bushfire risk The property’s primary competitive advantage lies in its street profile—85% owner-occupied, with only 15% renters—which signals low turnover and a stable, family-oriented enclave. The 607m² lot in Rochedale South, where the median house price is $1.02m and auction clearance sits at 82%, positions this house as a well-configured entry point for buyers seeking a detached home in a tightly held market. The two-level layout with air-conditioning throughout and proximity to Springwood Road State School (0.3 km) makes it most suitable for families or investors targeting long-term owner-occupier demand. The principal risk is the absence of a fixed price, which may indicate seller expectations above the $925k comparable at 59 Narelle Crescent—a 10-year hold with 7.67% annual growth. The 2017 purchase date suggests the current owner has held for roughly 8 years, potentially limiting their cost base and willingness to negotiate. However, the 12.09% annual growth on 30 Narelle Crescent over 7 years demonstrates strong capital appreciation in the immediate street. The opportunity is to use the 9 May inspection to gauge seller motivation and compare against the $1.171m lot-based estimate from property.com.au. Hold this property for its land value and school catchment positioning; it is a long-term family hold or a stable rental yielding approximately 4.70% based on local comparables.