5 Second Avenue, Parkside QLD 4825
5 Second Avenue, Parkside QLD 4825
Large 918sqm block | 2-bed house with carport | No flood or bushfire overlay | Investor or first-home entry point
This property’s primary buying case rests on its unusually large, fully fenced 918sqm block in a low-risk overlay zone, which is rare for an entry-level house in Parkside. The 23% building coverage leaves substantial room for future expansion or subdivision potential, though this would require council confirmation. The 2-bedroom configuration with built-in robes and a practical layout suits investors seeking a low-maintenance rental with recent leasing history in 2025, or first-home buyers wanting space without premium pricing. Solar panels and NBN connectivity add modest operational savings.
The key risk is the property’s age—built in 1965—which may require near-term maintenance on roofing or electrical systems, though roof height at 5m suggests adequate clearance for updates. The building size discrepancy between 210sqm and 89sqm indicates potential measurement errors, so a physical inspection to verify floor area is essential. The 2006 last sale date offers no recent price anchor, and the current listing below the $241,000 appraisal suggests a motivated seller but also possible market softness. For an investor, the quick 2025 rental lease indicates demand; for a buyer-occupier, the school catchment and quiet suburb position offer stability. Hold for land value appreciation or consider a future granny flat development if zoning permits.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Second Avenue, Parkside QLD 4825
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Parkside presents as a tightly held, family-oriented suburb with a market driven by local owner-occupiers and investors seeking high rental yields. Recent price trends show significant volatility, indicating a market responsive to local economic conditions. Future growth is underpinned by strong rental demand and low vacancy, though sensitivity to economic shifts and a constrained supply pipeline present key considerations for prospective buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
918m²
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