6/115 Gumtree Street, Runcorn QLD 4113

3-bed villa, 128sqm lot | Runcorn family pocket | 2 parking spaces | school proximity edge This property sits in a tight, low-maintenance villa format that competes well against older townhouse stock in the area. The 128sqm lot is compact but efficient, and the two dedicated car spaces are a practical advantage for a young family or professional couple. Positioned within 500 metres of Runcorn Heights State School, it draws a clear buyer segment: those prioritising school catchment and lock-and-leave convenience over land size. The 80/20 owner-to-renter ratio on the street suggests stable neighbours and lower turnover risk, which supports resale confidence. The main risk is the lot size—at 128sqm, there is limited scope for extension or outdoor living, which may deter buyers seeking a yard. The property last transacted in 2018 at $342k, and while current estimates sit around $690k, the gap to the local median of $839.5k indicates this villa is priced for entry-level demand rather than capital growth. That said, the 83% auction clearance rate in Runcorn points to strong buyer appetite in this bracket. Hold this property as a low-maintenance home or rental; its edge is affordability in a well-served suburb, not upside from renovation.