6 Ogilvie Street Wynnum QLD 4178
6 Ogilvie Street Wynnum QLD 4178
607sqm block in premium pocket|3-bed original with renovation scope|$1.2m value est|Strong 9.86% pa growth peers This three-bedroom house on a 607sqm block suits downsizers or young families eyeing bayside living with update potential. The generous land size delivers practical yard space for kids or pets alongside a versatile underhouse area that adapts to office or storage needs. Sitting amid similar originals on the street its modest single bathroom and carport footprint signal scope for modernising to match neighbours recent upgrades. Buyers drawn here often include renovators spotting value in the character timber floors and light filled balcony or investors eyeing rental yields around 650 weekly. Comparable three bedroom homes on Ogilvie Street have clocked solid gains like 9.86 percent annual growth over eight years underscoring this propertys alignment with local appreciation. Its position near waterfront parks and schools bolsters everyday appeal without the premium of larger renovated peers. Long term the blocks rarity in this established pocket supports holding value even as originals like this command attention from entry level buyers. Market behaviour shows these properties trade briskly when priced right trading on land banks more than as turnkey homes. Overall its unpolished state positions it competitively for those building equity in a street where updated versions push past 1.2 million.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Ogilvie Street Wynnum QLD 4178
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Wynnums bayside lifestyle, improved transport links to Brisbane and strong local amenity are driving steady demand from downsizers, professionals and investors seeking lifestyle and relative value. Coastal flood and storm?surge exposure and interest?rate sensitivity are the main risks, while unit growth, renovation upside and infrastructure spillovers are the key opportunities; over the past six months house values have been broadly flat to modestly up while units have recorded stronger gains.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
607m²
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