951 Riverway Drive Condon QLD 4815

951 Riverway Drive Condon QLD 4815
4-bedroom house, 809mยฒ lot, swimming pool detected | Condon, Townsville, 65% owner-occupied | 189mยฒ building, 23% site coverage, 7m roof height | Strong capital growth since 2019, no flood or bushfire overlay. This property offers a rare combination of generous land size and a solid four-bedroom floor plan in a stable owner-occupied suburb, which supports long-term value retention. The 23% site coverage leaves room for future extension or landscaping, and the detected swimming pool adds lifestyle appeal without the cost of installation. The 7m roof height and 20m ground elevation improve passive cooling and reduce flood risk, making the house suitable for families seeking a low-maintenance, well-positioned home in a catchment for Weir State School and Thuringowa State High School. The single bathroom and one carport are constraints for a four-bedroom house, limiting appeal to larger families or those requiring multiple vehicles under cover. The NBN Fibre to the Node is adequate but not a prime value driver. No bushfire or heritage overlays reduce insurance and renovation costs. The property is best held as a long-term residence or rental, with the land offering optionality for subdivision or extension if council permits align.

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

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Market Insight:

Condon presents as a stable, family-oriented suburb within Townsville, characterised by strong recent capital growth and a high volume of house sales. Demand is driven by a diverse demographic mix, including established families and service-based workers, supported by steady population and income growth. The market is active with houses transacting quickly, indicating robust competition. Future growth is underpinned by this sustained demand, though key constraints include a reliance on the house segment with limited unit development and a significant portion of mortgaged owners suggesting potential rate sensitivity.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

1

Land

809mยฒ

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