7 Redgate Street, Deeragun QLD 4818
7 Redgate Street, Deeragun QLD 4818
2012 built | 3/2/2 on 495 m² | 170 m² floorplan | bushfire overlay noted
This property holds a clear edge for its age and internal size relative to typical Deeragun stock—a 170 m² footprint on a mid-sized block offers more living space than many comparably priced homes in the area, while the 2012 build means modern wiring, insulation, and low-maintenance finishes. The quiet cul-de-sac position with bushland adjacency gives a semi-private feel without sacrificing suburban convenience, and the fenced yard, outdoor entertaining area, and double garage align well with what family buyers actively seek. It suits a young family or investor targeting steady rental demand, given the strong local schooling and shopping links.
The bushfire overlay may affect insurance premiums and could narrow the buyer pool slightly, though this is common in fringe suburban settings and rarely a dealbreaker. The 495 m² lot is compact, so outdoor space is functional rather than generous—buyers wanting a large yard might look elsewhere. Rental yield potential appears solid based on current asking rent, but final value will hinge on how the interior condition and presentation compare to other 3-bed homes in the area, as well as how the bushland interface is perceived in person.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Redgate Street, Deeragun QLD 4818
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Deeragun, in Townsville’s northern growth corridor, attracts families and young professionals seeking affordable housing with development upside. Houses sell in 10–14 days, with 133 sales over the past year, underscoring strong demand. Median house prices vary by source from $525,000 (4.79% growth) to $625,000 (26% growth), but most estimates cluster around $580,000–$605,000 with annual growth of 25.9–31.5%. Rents are firm at $530–$540 per week, delivering a 4.84% gross yield. The unit market is thin, with only six sales in twelve months and no reliable rental data, a constraint for investors seeking diversification. Future growth tied to development potential; price divergence across sources suggests measurement inconsistency rather than a single definitive trend.
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PropCred Estimated Value
Comparable Sales: 9 Redgate Street sold $625,000 (4/2/710 m²); 8 Redgate Street sold $550,000 (3/2/2) | Property Price Band: $550K–$700K | Value Drivers: newer build, floorplan size, cul-de-sac position, bushfire overlay impact
Bedrooms
3
Bathroom
2
Parking
2
Land
495m²
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