10 Bulimba Crescent, Mount Sheridan – Sold for $660,000
If you saw this result, it probably felt more in line with expectations.
$660,000.
Four bedrooms. Large block.
Nothing crazy.
But this sale tells you more about the market than the $845K or $980K ones.
Property Snapshot – 10 Bulimba Crescent, Mount Sheridan QLD
• Sale Price: $660,000
• Land Size: 701m²
• Configuration: 4 bed, 1 bath, 4 car
• Key Features: Large block, strong parking, tenanted investment
• Condition: Functional, not fully upgraded
• Rent: $630/week until Oct 2026
At first glance, this looks like good value.
And it is.
But there’s a reason it sits here.
Where This Sits in the Mount Sheridan Market
Let’s anchor this properly:
• Entry level: $600K–$650K
• Lower core: $650K–$700K
• Core market: $700K–$750K
• Premium: $750K+
This sale sits right on the edge of entry and core.
What Buyers Actually Paid For
This is not a lifestyle purchase.
This is a fundamentals purchase.
• Land size
701m² gives space, but not enough to push it premium.
• Bedrooms
Four bedrooms help, but without a second bathroom, it caps the value.
• Rental income
$630/week provides immediate return. That attracts investors.
• Practical features
Four-car accommodation, shed, solar. Useful, but not emotional drivers.
• Condition
Liveable, but not finished. Buyers factor in future work.
This is a numbers-based decision.
Not an emotional one.
The Comparison That Matters
Now look at the spread:
• 14 Caper Street – $650,000
• 10 Bulimba Crescent – $660,000
• 34 Myrtle Close – $718,000
• 47 Kendall Street – $741,000
• 7 Red Gum Close – $845,000
• Tana Heights – $980,000
This is the ladder.
And 10 Bulimba sits near the bottom of it.
The Insight This Sale Gives You
This is important.
Mount Sheridan has a clear entry point.
And it looks like this:
• Older homes
• Functional layouts
• Larger blocks
• Rental appeal
• Limited upgrades
That combination consistently lands around $620K–$670K.
What This Means for Buyers
If you are buying in the low to mid $600Ks, you are not buying perfection.
You are buying:
• Land
• Space
• Rental return
• Future upside
You are accepting:
• Older finishes
• Simpler layouts
• Some work over time
That’s the trade.
What This Means for Sellers
If your property is:
• 3–4 bedrooms
• 1 bathroom
• On a standard or slightly larger block
• In average condition
You are competing directly with this price point.
To move above it, you need:
• Renovation
• Second bathroom
• Presentation
• Lifestyle features
Without that, the market holds you here.
The Bigger Picture: Mount Sheridan Right Now
This sale completes the full picture of the suburb:
• ~$650K → entry-level, functional homes
• $700K–$750K → core family homes
• $800K+ → lifestyle and renovated
• $900K+ → new-build premium
10 Bulimba Crescent sits at the base.
And that base is holding strong.
Final Insight
This sale isn’t flashy.
But it’s important.
Because it defines the floor of the Mount Sheridan market.
And once you understand the floor, you understand everything above it.
Thinking About the South Side Market?
I track every sale across White Rock, Mount Sheridan, Bentley Park and beyond.
Not just the prices, but what’s actually driving them.
If you want a clear read on where your property sits, reach out.
Jeff Rufino
0411 530 910
This is an independent market analysis based on publicly available information and recent comparable sales.