5 Apollo Drive, Andergrove QLD 4740
5 Apollo Drive, Andergrove QLD 4740
4 bed on 810m² | 3 bath, high side | Flood overlay present | Mackay family catchment zone
This property presents an uncommon configuration: a four-bedroom, three-bathroom house on a full 810m² lot in a residential Mackay catchment, with only 40% site coverage leaving meaningful outdoor or extension potential. The 7-metre ground elevation and 5-metre roof height position the house above street level, which reduces perceived flood risk and improves passive cooling and outlook. For a family buyer targeting Andergrove State School and Pioneer High, this floorplan competes well against newer builds on smaller lots, and the carport plus two additional parking spaces is practical for multiple vehicles or a boat. The split system air conditioning and full fencing make it immediately livable with low initial outlay.
The flood overlay is the primary constraint — it does not mean the house floods, but it will narrow lender appetite and resale buyer pool, particularly for investors relying on insurance cost certainty. Satellite updates from mid-2024 suggest the roof and surrounds are in reasonable condition, but no interior imagery exists, so an inspection must verify the 1985 build’s wiring, plumbing, and any concealed moisture. The estimated rental range of $600–$745 per week supports holding the property as a long-term family home or transitional rental if the buyer’s plans shift. Use the low coverage ratio to add a shed or extend the living area, which would lift the property into a stronger position against newer stock in the same price bracket.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Apollo Drive, Andergrove QLD 4740
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Andergrove is a family-oriented suburb within Mackay’s robust regional economy, attracting lifestyle buyers and interstate investors seeking relative affordability. Demand is driven by strong rental fundamentals and migration from southern capitals, creating a competitive market with low inventory. Recent price growth has been significant, supported by ongoing infrastructure investment and the region’s economic base. Future growth is underpinned by these drivers, though a moderated pace is anticipated, with tight supply and rental yields below the state average presenting key considerations.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
810m²
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