5 Utalong Street, Deagon QLD 4017

Low-set brick family home | 3 bed 1 bath | 450m² fully fenced lot | Separate studio/rumpus | No overlays This property presents a competitively strong, low-maintenance family home in a convenient location. Its separate rear studio creates immediate utility for a home office, teenage retreat, or rental income, a rare feature that expands its functional footprint beyond the standard three-bedroom offering. The house serves owner-occupiers seeking a ready-to-move-in home with side access for vehicles and a fully fenced yard, aligning perfectly with the suburb’s dominant long-term resident profile. Its lack of bushfire or flood overlays removes a significant due diligence hurdle. The primary risk is the single bathroom, which constrains future resale appeal to a narrower segment of the market compared to two-bathroom homes. The estimated gross rental yield of approximately 3.2% is modest, indicating this property should be acquired for owner-occupation or long-term capital growth rather than near-term investment income. Proceed with an offer anchored by recent sales of comparable three-bedroom homes, recognizing the added value of the studio and the premium for its turnkey condition. Recent nearby sales of similar three-bedroom homes provide context: – 53 Beerwah St (3/2/2 on 481m²) – 12 Depot Rd (3/2/1 on 559m²) – 1 Sarah St (3/1/1 on 407m²) These comparables confirm the subject property’s configuration is standard for the area, though its smaller lot size and single bathroom position it at the more affordable end of the spectrum, with the studio offering a point of differentiation.