5 Coral Cove Drive, Coral Cove QLD 4670

5 Coral Cove Drive | House on 1,038sqm | $956,000 value | No flood or bushfire risk | Duplex comparables nearby The property carries no mandated overlay risks-no flood, bushfire, or heritage constraints-which removes insurance and approval-cost burdens for the buyer. The lot is large at 1,038sqm with 34% building coverage, offering future subdivision or extension optionality, but the duplex sales at $757,500 each for smaller units suggest the land’s standalone value may already be priced in. A prudent buyer should treat this as a high-quality hold for capital growth rather than a renovation flip. The rental income estimate of $840 per week, yielding roughly 4.6% gross, is solid for the region. What makes this house competitive is the rare combination of a 357sqm structure on a 1,038sqm lot with no overlay risk, plus NBN Fibre to the Premises for remote-work reliability, which exceeds typical regional stock. The elevation at 12 meters and roof height of 4 meters indicate good drainage and design flexibility. This property best suits a family seeking long-term stability in a catchment for Elliott Heads State School and Kepnock State High, or an investor wanting a low-risk income stream with land-bank potential. Nearby duplex sales at Unit 2/5 for $757,500 (3-bed, 2-bath with solar) anchor the value of attached housing here, while your standalone house at $956,000 offers superior land size and building square meterage-confirming a premium for privacy and expansion room. To move forward, book a site inspection to verify the 2025 satellite condition and gauge subdivision feasibility with a local surveyor.