8 Picasso Court, Rothwell QLD 4022
8 Picasso Court, Rothwell QLD 4022
650sqm corner block | 4 bed, 2 bath, pool | rumpus and multiple living zones | renovated interiors | family-oriented Rothwell
A rare sense of openness is created by the corner-block configuration within a quiet cul-de-sac, and the 650sqm allotment is larger than much of the surrounding detached stock. A rumpus room, multipurpose space, and open-plan living areas are included in the single-level layout, suiting families who need distinct zones for children and adults. Fresh paint, new flooring, and ceiling fans are provided, making the house move-in ready without the premium of a full renovation. Practical appeal is added by the pool, low-maintenance yard, and secure double garage, while school catchments and independent school access broaden its attraction to family buyers.
The land size may justify a premium over smaller nearby allotments, particularly for buyers seeking a corner block with side access potential. The kitchen and bathrooms might be the main limiting factor, appearing functional but not newly renovated. The pool adds amenity but may narrow the buyer pool slightly. Rental demand for four-bedroom family houses appears solid, with a similar nearby property leasing in nine days, which could support an investor buyer.
>> Comparable Sales: 8 Bernays Court, Rothwell, 3-bed house on 525sqm, sold at $1.05M | Property Price Band: $1.1M-$1.2M | Value Drivers: larger 650sqm corner block, pool, updated presentation, rumpus and multiple living zones
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Picasso Court, Rothwell QLD 4022
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✓
Execution Risk
!
1
Market Insight
The suburb’s median house price is $845,000 with 9.74% annual growth, while units are $660,000 but have grown 16.81%. Houses sell in 17 days, and 119 sales in the past year confirm active turnover. Demand is driven by professionals, community service and trades workers, alongside childless couples; 37% of households rent, and 52.6% are owner-occupied. Median house rent is $630 weekly, producing a 4.14% gross yield. The 10-19 age cohort is the largest, pointing to future buyer entry, while 37% of residents are over 55, adding stability. Mortgage repayments of $1,800-$2,399 monthly align with incomes between $78,000 and $130,000. Growth drivers include strong unit appreciation and consistent house demand. Affordability is the key constraint as price growth exceeds income growth.