91 Turner Street, Scarborough QLD 4020

91 Turner Street, Scarborough QLD 4020
3 beds on 539m² | Single bathroom constraint | Between higher & lower valued comparables | Near Catholic college This property presents a competitively strong entry into the Scarborough market, positioned on a standard lot with a functional three-bedroom layout. Its core strength lies in its direct comparability to neighbouring sales, providing a clear valuation benchmark that anchors its price below the recently sold, larger lot at number 90. The configuration, while typical, is served by secure parking for multiple vehicles and is situated within walking distance of a long-term private school, a durable amenity that underpins demand from a specific buyer segment. This house best serves an owner-occupier seeking established suburb entry or an investor targeting family tenancies drawn to the school catchment, with the single bathroom being the primary compromise against its otherwise solid fundamentals. Proceed with the understanding that the single bathroom caps its appeal against modern three-bedroom stock, a tangible risk to capital growth that must be offset by the land component. The opportunity exists to acquire a property with immediate rental coverage in a stable location, where future equity will be driven more by land value appreciation than the dwelling itself. The decision is to buy for hold, leveraging its established rental yield and positional stability, rather than for speculative gain; any renovation must first address the bathroom count to materially shift its value proposition. Recent sales on Turner Street provide a direct value anchor: * **90 Turner Street** (3 beds, 1 bath, 647m²) sold for $1,235,000 in June 2025. * **92 Turner Street** (2 beds, 1 bath, 540m²) carries an estimated value of $1,002,000. This places the subject property’s valuation between these two points, with its price justified by its larger land parcel and bedroom count over number 92, yet appropriately discounted from number 90 due to the smaller land size. The sale at number 90 confirms the achievable price ceiling for three-bedroom houses on this street.

Market Insight:

Scarborough offers a coastal lifestyle underpinned by strong, dual-track growth. House values have risen up to 18% in the past year, while units have surged over 20%, driven by robust sales activity. Demand is anchored by an established, older demographic and is broadening to include young professionals and downsizers seeking units. This is creating a dynamic market with houses selling in approximately 40 days and units offering higher rental yields. Future performance will hinge on maintaining this broad demand base amid sustained affordability pressures.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

3

Land

539m²

Built

Recent Assessments