68 Sheehy Street, Park Avenue QLD 4701
68 Sheehy Street, Park Avenue QLD 4701
Established lowset house | 1970s-era build likely | 600–625m² block | Practical family stock | Investor-friendly yield potential
This property sits within a pocket of Park Avenue defined by solid, post-war era lowset housing on generous suburban blocks, with the surrounding street character dominated by renovated three-bedroom homes offering practical layouts and functional outdoor space. The configuration most likely aligns with the local standard—three bedrooms, one to two bathrooms, and one to two car spaces—which serves first-home buyers, downsizers, and investors equally well. The street’s established nature, consistent lot sizes around 600 square metres, and proximity to schools, shops, and daily services make it a dependable choice for buyers seeking value-added housing rather than premium new-build product. The area’s rental activity and repeated investor interest suggest steady demand from both owner-occupiers and income-focused purchasers.
Value may hinge on the condition of the kitchen and bathroom, as nearby stock shows renovated examples commanding stronger interest, while unrenovated versions may require budget for updates. The presence of side access, a shed, or additional utility rooms could lift appeal for buyers needing storage or workspace, but the absence of these features might narrow the buyer pool. Land size and presentation will likely influence final price more than any single interior finish, given the uniformity of the surrounding housing stock.
|| Comparable Sales: 102 Sheehy Street sold for $510,000; 51 Sheehy Street sold for $705,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition of kitchen and bathroom, land size, side access and shed presence
Detailed Independent Property Report prepared by PropCred Analyst team for 68 Sheehy Street, Park Avenue QLD 4701
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Park Avenue is a compact, tightly held suburb where demand is led by young trades households and childless couples, drawn by rapid price appreciation and strong rental returns. House values have climbed 23.3% annually, with median prices hovering around $538,000, while units have risen 150% over five years. Market conditions favour sellers: houses trade in 13–15 days, vacancy sits at 0.83%, and gross yields on houses are 5.43%. With 12% of the suburb given to parks and a limited 2,683 properties, supply constraints underpin future growth, though affordability is tightening as values outpace income growth.
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PropCred Estimated Value
Comparable Sales: 102 Sheehy Street sold for $510,000; 51 Sheehy Street sold for $705,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition of kitchen and bathroom, land size, side access and shed presence
Bedrooms
3
Bathroom
1
Parking
1
Land
603m²
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