8 Mckellar Court Mount Pleasant QLD 4740
8 Mckellar Court Mount Pleasant QLD 4740
Solid brick elevated cul-de-sac | 912m² with 32% site coverage | 4-bedroom owner-occupied street | Rental yield above 5.5% | No flood or bushfire overlay.
The property’s competitive strength lies in its combination of a low-density, elevated 912m² block with a solid brick house that covers only 32% of the site, leaving substantial room for future expansion or a pool without encroaching on setbacks. Located in a quiet cul-de-sac where 100% of neighbours are owner-occupiers, the house offers a rare configuration edge: a 4-bedroom layout on a single level with secure parking and an outdoor entertainment area, making it suitable for a family seeking long-term stability or an investor targeting the tight rental market in Mount Pleasant. The rental estimate of $725 per week, against a current market value, implies a gross yield above 5.5%, which is strong for the region and supported by the suburb’s demographic mix of families and long-term residents.
The primary risk is the property’s age and condition, given the last sale in 2022 at $341,000 and the current listing by negotiation—this suggests the vendor may be testing a significant price uplift, and a buyer must verify building integrity, particularly the roof and any deferred maintenance. The NBN Fibre to the Node and 5G coverage are adequate but not a prime value driver; the opportunity lies in the site’s subdividable potential or adding a second dwelling, subject to council approval, which could lift total return. Hold this property for rental income and capital growth from land scarcity, or develop the rear portion if zoning permits.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Mckellar Court Mount Pleasant QLD 4740
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Mount Pleasant is a well-established Mackay suburb anchored by a major shopping centre and strong transport links, positioning it as a convenient and sought-after residential hub. Demand is driven by a mix of owner-occupiers and investors, the latter attracted by high rental yields and a tight rental market amid broader interstate migration to Queensland. The market exhibits strong seller sentiment with houses transacting rapidly, reflecting robust price growth. Future momentum is supported by regional infrastructure investment, though sustained price appreciation may be tempered by broader supply constraints impacting affordability.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
3
Land
912m²
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