7 Virginia Street, Gracemere QLD 4702

7 Virginia Street, Gracemere QLD 4702
3 bed, 2 bath, 2 car house | 716 mยฒ lot | Detached family home in Gracemere | No bushfire flagged | Off market or for sale depending on source This property is competitively positioned as a standard detached family home on a generous suburban lot in Gracemere, a configuration that suits owner-occupiers seeking space and privacy. The 3 bedroom, 2 bathroom layout with double parking is typical for the area, offering functional living without being exceptional. It serves buyers who value a low-density neighbourhood and a usable land size for outdoor activities or potential future additions, though no specific upgrades or finishes are confirmed. The land size and no bushfire designation are neutral factors that do not significantly enhance or detract from value, as these are common in the suburb. Without verified build year, renovation history, or internal condition details, the property’s condition remains an unknown variable that might influence its marketability. Buyers should weigh the typical nature of this offering against the lack of standout features, noting that any unique attributes would need on-site inspection to assess their impact on price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 7 Virginia Street, Gracemere QLD 4702
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Market Insight:

Gracemere is a high-growth regional suburb driven by young families, with a median house price of ~$625,000. Demand is anchored by trades-based owner-occupiers, evidenced by a 58.6% ownership rate and strong sales velocity (11 days on market). House prices surged ~22% annually, supported by significant population growth. Future drivers include sustained family demand and tight rental yields of 4.74%. A key constraint is the limited unit market, indicating supply pressures as house prices rise against a $1,711 weekly household income.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

716mยฒ

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