1/24 Magpie Avenue, Yeppoon QLD 4703
1/24 Magpie Avenue, Yeppoon QLD 4703
Refurbished unit | No body corporate | Lowest entry in Yeppoon | End of cul-de-sac
This property offers a rare combination of a freshly refurbished interior, no body corporate fees, and a position at the marketโs entry point in a suburb with 14.4% growth. For a buyer, this means immediate livability without strata constraints, and a low-maintenance footprint that suits an investor seeking yield or a retiree wanting simplicity. The dual car access and additional living zone add functional flexibility that is uncommon at this price point, and the cul-de-sac placement reinforces privacy.
The primary risk is the small 100 sqm land size, which limits future subdivision or major extension potential, and the 2024 sale at $375,000 signals a steep price uplift that may narrow short-term capital gain. However, the no-body-corporate structure removes a recurring cost that typically erodes net yield, and the refurbishment reduces immediate capital outlay. This unit is best held as a low-management rental or a lock-and-leave residence, with the entry price providing a buffer against market correction in a rising corridor.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1/24 Magpie Avenue, Yeppoon QLD 4703
Market Insight:
Yeppoon is a tightly held coastal market experiencing strong demand from interstate and intrastate migrants, including semi-retired downsizers and families seeking larger homes. This demand, coupled with critically low housing stock, is driving robust price growth across both houses and units. The market is highly competitive, with multiple offers common. Future growth is underpinned by sustained buyer interest and constrained supply, though this same supply shortage presents a key risk to market fluidity.