8 Phyllis Street, Harristown QLD 4350
8 Phyllis Street, Harristown QLD 4350
Quiet established pocket | 1012m² flat lot | Character home | Solar & workshop | Strong rental yield
The property presents a low-risk profile in a stable location, with no planning overlays mitigating future holding costs. Its 2021 sale price, however, creates a significant valuation gap against current estimates, demanding careful pre-auction due diligence on the reconfigured bedroom layout. The large, usable land parcel at standard coverage offers immediate utility and long-term optionality. This house suits a buy-and-hold investor seeking yield or an owner-occupier valuing space over premium finishes.
Its competitive strength lies in the rare combination of a character home on a substantial, level block in a convenient yet quiet setting. The 1012m² allotment is notably larger than typical local stock, providing tangible garden, workshop, and storage space that is increasingly scarce. This positions the property uniquely for buyers prioritizing practical space and established neighbourhood charm over new construction, serving families or tradespersons particularly well.
This analysis forms a basis for actionable negotiation; engage us to validate the floor plan and build a bidding strategy anchored to its land value.
Recent comparable sales data is limited, with the property itself last transacting at $450,000 in May 2021. This historical price underscores the substantial market movement since that time and frames the critical need for an independent, current valuation to inform your maximum bid.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Phyllis Street, Harristown QLD 4350
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Harristown is a mature, high-growth suburb with a median house price near $690,000, driven by strong demand from established, higher-income households. Recent annual growth exceeds 22%, supported by very high sales volumes and houses selling in as few as 9 days, indicating a tight, active market. Future performance hinges on sustaining this momentum amid affordability constraints, with unit yields and growth showing greater volatility than the robust house segment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1012m²
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