49 Colwel Street, Oxley QLD 4075
49 Colwel Street, Oxley QLD 4075
1960s brick house | 627m² block | 3 bed, 2 bath, 2 car | flood and bushfire overlays | school catchment position
This house offers a practical and functional layout that stands out against much of the older stock in the immediate street, where single-bathroom homes are common. The 3-bedroom, 2-bathroom configuration with double car accommodation makes it immediately serviceable for a family or investor without requiring upfront renovation work. The 627m² lot, while smaller than some neighbouring blocks, still provides a generous yard at just 21% building coverage, which supports outdoor living, future additions, or simply space between neighbours. Its position within the Oxley State School and Corinda State High School catchments strengthens appeal for family buyers, and the established, low-density character of the street suits those seeking a settled suburb with everyday amenities within reach. This house is best suited to a buyer wanting a move-in-ready family home with room to add value over time.
The flood and bushfire overlays are the most significant factors to weigh, as they may influence insurance costs and limit certain future building works without council assessment. The 1960 build also means the condition of the roof, wiring, and plumbing should be reviewed carefully, as these systems may be nearing the end of their practical life. The moderate land size and existing floor plan offer scope for a renovation or extension, but any changes will need to respect the overlay constraints. The absence of a heritage overlay provides some flexibility, yet the property’s value may hinge on how well the current finishes and layout align with buyer expectations in this pocket.
|| Comparable Sales: 72 Colwel Street sold around $800,000; 30 Colwel Street valued in the low-to-mid $700,000s | Property Price Band: $800,000–$900,000 | Value Drivers: condition of original structure, functional layout, land size relative to street, overlay constraints
Detailed Independent Property Report prepared by PropCred Analyst team for 49 Colwel Street, Oxley QLD 4075
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Oxley, a southwest Brisbane suburb, is driven by a professional, 30–39 cohort—42% of residents are purchasers—with households earning high-middle incomes. House prices range from $970,000 to $1.04 million depending on source, with annual growth between 8.6% and 13.4%; the median sits near $1 million after 119–134 sales. Houses sell in 31–38 days, reflecting firm demand. Unit data is inconsistent: one source reports 16.5% growth, another notes underperformance versus Brisbane, and fewer than five sales render it unreliable. Rents are firm—houses at $700/week, units $560—yielding 3.1% gross. Key risks: affordability pressure and rate sensitivity, with no vacancy or infrastructure data available. Future growth depends on continued professional migration and supply tightness.
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PropCred Estimated Value
Comparable Sales: 72 Colwel Street sold around $800,000; 30 Colwel Street valued in the low-to-mid $700,000s | Property Price Band: $800,000–$900,000 | Value Drivers: condition of original structure, functional layout, land size relative to street, overlay constraints
Bedrooms
3
Bathroom
2
Parking
2
Land
631m²
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