5 Farrell Street Park Avenue QLD 4701

Single-storey house | 450m² block | three bedrooms | Farrell Street Park Avenue | steady street growth This property offers a clear entry point into a street showing consistent capital growth, with a 450m² low-maintenance block that aligns with the neighbourhood’s typical land size. The 104m² floor area is compact but functional for an owner-occupier or investor seeking a single-storey configuration in a suburb with 113 houses currently listed. The recent sale of number 11 at $650,000 demonstrates that well-presented homes on similar blocks achieve strong premiums, positioning this house as a value-accretive opportunity for buyers who can add cosmetic or functional improvements. The primary risk lies in the absence of recent renovation history and the undisclosed 2009 sale price, which limits benchmarking for value-add potential. Buyers should factor in possible updating costs and verify structural condition through inspection. The opportunity is to acquire at the lower end of the estimated $510,000–$690,000 range and capture upside through targeted upgrades, particularly given the street’s modern builds at number 11. Hold this property as a long-term investment or renovate for resale within three to five years to capitalise on the area’s steady demand.