5 Bluejay Street, Burleigh Waters QLD 4220

Flood overlay confirmed | 683m² garden oasis | Rental yield under 3.7% | Offers over $2.295m reflect peak pricing The flood detection imposes a tangible risk to both resale liquidity and insurance costs, which are estimated to add $2,000–$4,000 annually above standard premiums; this cost must be factored into holding calculations. The 683m² block with established gardens and a pool is a rare configuration in this pocket, but the floor area discrepancy between 144m² and 255m² suggests the usable living space may be tighter than advertised. This property is best held as a long-term lifestyle residence rather than a flip or high-yield rental, given the current price point sits at the top of the estimated value range. The key competitive advantage here is the immediate walkability to Burleigh Heads beach and state school, combined with a fully established native garden that is costly to replicate—this is the primary differentiator against newer builds on smaller lots. The double carport and solar panels add functional convenience for an owner-occupier, but the hybrid fibre NBN and 5G coverage are now standard for the area. This house suits a family prioritising outdoor living and school catchments over maximum square footage or rental return, and who accepts the flood overlay as a manageable trade-off for the location. The comparable sales data from August 2018 at $870,000 and a November 1989 transaction at $150,000 confirm the property has appreciated with the market but does not indicate recent pricing justification; you are buying the garden and position, not structural upside. Your next step is to commission a flood level survey and obtain three insurance quotes specific to this lot before making an offer, then proceed only if the holding costs align with your lifestyle budget.