55 Selwyn Street, North Booval QLD 4304
55 Selwyn Street, North Booval QLD 4304
Four-bed single-level house | 671 m² block | tenanted at $550/week | brick-and-tile build | fenced backyard
A four-bedroom single-level house on 671 m² is offered as standard family stock in North Booval, delivered with low-maintenance brick-and-tile construction. An open-plan kitchen and dining layout is provided, along with a separate living area, air conditioning in the main living space and master bedroom, and ceiling fans throughout. The house is tenanted at $550 per week, which positions it well for an investor seeking an established return. Schools, Bundamba station, and Ipswich CBD are close by, so the property suits both investors and owner-occupiers wanting a practical single-level home.
A single bathroom and single car space are basic for a four-bedroom house, limiting appeal to larger families. The fourth bedroom is flexible, not a true fourth room. Flood overlays may apply to surrounding land, clarified by a title search. The tenancy at $550 per week may require an owner-occupier to work around the lease.
Detailed Independent Property Report prepared by PropCred Analyst team for 55 Selwyn Street, North Booval QLD 4304
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
✓
Execution Risk
✓
Market Insight
North Booval is a family-oriented suburb in Ipswich, with demand driven by young households, particularly the 0-9 age cohort, and a high share of labourers. House prices have climbed sharply, with medians between $665,000 and $687,500, reflecting annual growth of 21.7% to 25.0% over the past year. Stock turns quickly, averaging 20 days on market, with around 92-101 sales annually, indicating active buyer interest. Rents support investor demand: median house rent is $528 per week, rising to $580 for four-bedroom homes and $750 for five-plus bedrooms. The main constraint is affordability pressure from rapid price gains, while sustained demand from owner-occupiers and limited supply could support further growth, though rate sensitivity remains a risk for highly leveraged buyers.
PropCred Estimated Value
Comparable Sales: 45 Selwyn Street at $763,000 | 69 Selwyn Street at $740,000 | Property Price Band: $700K-$800K | Value Drivers: land size, single-level layout, tenanted income