9 Mackenzie Street Bowen QLD 4805

9 Mackenzie Street Bowen QLD 4805
3 beds | 809sqm block | workshop | Whitsunday council | no overlays The propertyโ€™s competitive strength lies in its combination of a large 809sqm fully fenced block with a 259sqm house, a workshop, and outdoor entertainment areaโ€”rare in Bowen at this price point. Built-in robes, floorboards, and air conditioning make it immediately livable, serving families or downsizers who value space and low-maintenance living over coastal proximity. The absence of bushfire, flood, or heritage overlays reduces due diligence burden, and the reliable NBN and 4G coverage support remote work without being a primary draw. The primary risk is the asking price sitting roughly $155,000 above the estimated valuation range, which may slow resale or refinancing. Buyers should negotiate hard, using the 2021 purchase price as a benchmark for vendor cost base. The rental estimate of $585 per week offers a gross yield near 4.4% at the lower valuation, but not at list price. Hold this property for medium-term capital growth in a constrained supply market, or occupy it to capture the lifestyle benefit of the workshop and yard.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Bowen is an affordable coastal market with a diversified economy, attracting interstate buyers seeking lifestyle and investment. Demand is driven by high-net-worth individuals and investors capitalising on strong rental yields and a tight supply of family homes. The market exhibits robust price growth and rapid sales, supported by infrastructure improvements and a resilient rental sector. Future growth is underpinned by port activity and key industries, though competition for limited inventory and sensitivity to financing conditions present ongoing constraints.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

3

Parking

3

Land

809mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat