QLD 450k difference, same suburb what gives?

Discussion in 'Property Analysis' started by ChickenChaser, 21st Mar, 2024.

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  1. ChickenChaser

    ChickenChaser Member

    Joined:
    13th May, 2016
    Posts:
    20
    Location:
    Sydney
    Hi,

    In the same suburb,

    What makes group A more valuable than group B by hundreds of thousands?

    Group A looks newer, but is it $450k newer? (e.g. 1. vs 4.)

    Can Group B be valued liked group A with a bit of work?

    A:

    1. $1.24M, 4 beds, 459m land: https://www.realestate.com.au/sold/property-house-qld-underwood-144299304
    2. $1.45M, 5 beds, 704m land: https://www.realestate.com.au/sold/property-house-qld-underwood-144198504
    3. $1.3M, 5 beds, 600m land: https://www.realestate.com.au/sold/property-house-qld-underwood-143741620

    B:

    4. $785k, 4beds, 614m land: https://www.realestate.com.au/sold/property-house-qld-underwood-143910288
    5. $957k, 5beds, 600m land: https://www.realestate.com.au/sold/property-house-qld-underwood-142322664
    6. $880k, 4beds, 552m land: https://www.realestate.com.au/sold/property-house-qld-underwood-143812684
     
    Last edited: 21st Mar, 2024
    ChickenChaser, 21st Mar, 2024
    #1
  2. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,409
    Location:
    Australia
    Well, not a 'bit of work'. Knock down rebuild. Personally I would buy group B.
     
    Trainee, 21st Mar, 2024
    #2
  3. igor1234

    igor1234 Well-Known Member

    Joined:
    26th Sep, 2016
    Posts:
    1,729
    Location:
    sydney
    but also need to compare dates. june vs december very diff in 2023...
     
    igor1234, 21st Mar, 2024
    #3
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