12 Illich Street, Kurrimine Beach QLD 4871

12 Illich Street, Kurrimine Beach QLD 4871
300m from beach | 800sqm flat block | 4-car garage plus workshop | solar panels confirmed | price gap to value The property’s strongest buying case is its rare combination of beach proximity, flat usable land, and workshop infrastructure on a residential 800sqm lot. The 4-car garage and shed offer immediate utility for trades, boat owners, or investors seeking dual-purpose space. Solar panels reduce holding costs, and the absence of flood or bushfire overlays removes common coastal risks. This house best suits a buyer wanting a permanent coastal home with workshop capacity or a holiday house with strong rental yield potential. The main risk is the gap between the asking price and estimated value range, which may reflect vendor expectation rather than market evidence. The 1994 purchase price is irrelevant. Buyers should test the vendor’s motivation through a pre-purchase building inspection, particularly given the 4m ground elevation and 49% building coverage. The property’s rental ceiling at $695pw supports a buy-and-hold strategy if acquired near the value range. Hold as a dual-purpose residence or short-term rental, with the workshop as a differentiator in a thin market.

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

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Market Insight:

Kurrimine Beach is a quiet coastal market where demand is driven by an older demographic, with the predominant age group in their fifties and a typical household of two. Recent price trends show a modest but steady upward trajectory, reflecting a market in consolidation rather than rapid expansion. The primary constraint is a supply-demand imbalance, with inventory exceeding buyer appetite, limiting scope for organic capital growth. This positions the suburb as a stable, low-volatility entry point for those prioritising affordability over short-term appreciation, though rental yields remain subdued and price growth is expected to remain below average in the near term.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

5

Land

800mยฒ

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