56-58 Wagtail Drive, Deception Bay QLD 4508
56-58 Wagtail Drive, Deception Bay QLD 4508
3-bed family house on 715 m² | well above standard block size | dual school catchment | established owner-occupied suburb | single bathroom limitation
The property is distinguished primarily by its land. At 715 m², the block is well above the standard suburban lot size, offering space for outdoor living or a future extension. The three-bedroom, one-bathroom, two-car layout is a practical fit for first-home buyers, young families, and downsizers. It is placed within both a state primary and a state high school catchment. The suburb’s high owner-occupier share is associated with stable conditions and steadier demand. This house is best suited to value-focused buyers who prioritise space and location over premium finishes, plus investors seeking a dependable single-level rental.
Value may be most affected by the single bathroom, which might limit appeal for larger families. The condition of the kitchen, bathroom, and flooring may also influence price, with updating costs needing consideration. Extension potential might be supported by the larger block, which could enhance value. Resale timing may be assisted by active market conditions.
>> Comparable Sales: 3-bed house on 600 m² sold near $850k; 4-bed house on 600 m² sold near $900k | Property Price Band: $800K to $900K | Value Drivers: land size, school catchment, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 56-58 Wagtail Drive, Deception Bay QLD 4508
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Deception Bay is a mid-priced Brisbane fringe suburb where demand is led by middle-income service and trade workers, reflected in quick house sales of 15–19 days and strong renter appeal-house rents have grown 9.4% and unit rents 13.1%. House prices have climbed 10.3–14.9% to $790,000–$820,000, while units rose 16.7–44.9% to $529,000–$630,000, with yields of about 3.6–4.0% for houses and 3.4–4.6% for units. Sales volume of 342 houses confirms active buyer interest, and proximity to key amenities supports ongoing demand. Risks sit with affordability: median prices test middle-income budgets, and double-digit growth increases rate sensitivity, while limited supply-21 properties listed and 87 unit sales annually-keeps conditions tight.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
715m²
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