48 Griffin Street, Gordonvale QLD 4865
48 Griffin Street, Gordonvale QLD 4865
Large 1,012m² block | Classic family house | Strong school catchment | Mainstream Gordonvale demand | Older finish likely
This property holds a clear competitive edge through its land size. At 1,012m², it offers significantly more outdoor space than most newer Gordonvale houses, which typically sit on smaller lots. That extra land supports sheds, gardens, room for kids, or future expansion. The house itself is a straightforward three-bedroom, one-bathroom layout — functional but unremarkable. Its real strength is the combination of a generous block, established residential street, and proximity to both primary and high school catchments. This suits a local family or an owner-occupier wanting space without moving to acreage. It also holds appeal for investors given steady rental demand in the area, though the dated interior may limit rent growth until refreshed.
The property’s value will likely hinge on how the interior compares to newer stock. A 2008 sale date suggests the house may have original or older finishes, which could place it below more modern three-bedroom homes in perceived value. However, the land size offsets some of that, as buyers often pay for the block rather than the house. The single-bathroom layout may also narrow appeal to families who prefer two bathrooms. Given the suburb’s mix of standard houses and larger rural lots, this property sits in the mainstream segment — not premium acreage. Its price should reflect that positioning, with the land as the primary driver and the house condition as a secondary factor.
|| Comparable Sales: 48 Devine Cres sold at $804,000 for a newer 3-bed on 708m²; a 4-bed on 5,422m² sold at $1,000,000 | Property Price Band: $650K–$750K | Value Drivers: land size, interior condition, school catchment proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Griffin Street, Gordonvale QLD 4865
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Gordonvale (QLD 4865) is a lifestyle-driven market with rural touches and convenient amenities. Demand comes mainly from owner-occupiers with mortgages (57% of owners) and a notable single cohort (21%), drawn by affordable pricing and varied housing. The median house price sits at $680,000, with 18.26% annual growth and 162 sales over the past year. Houses average 14 days on market, and vacancy is 0.36%, supporting gross yields of 4.75–5.38% for houses. Future drivers include affordability relative to Queensland and local infrastructure. Risks: the aggregate median house price is $561,417, far below the state average, suggesting little room for capital growth; prices may stay flat or edge up. Stock has dropped 33.3% year-on-year, reflecting constrained supply rather than distressed selling.
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PropCred Estimated Value
Comparable Sales: 48 Devine Cres sold at $804,000 for a newer 3-bed on 708m²; a 4-bed on 5,422m² sold at $1,000,000 | Property Price Band: $650K–$750K | Value Drivers: land size, interior condition, school catchment proximity
Bedrooms
3
Bathroom
1
Parking
1
Land
1011m²
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