10 Acacia Street, Holloways Beach QLD 4878

Highset beachside house | 607m² block near Holloways Beach | tenanted at $580/week | bushfire and flood overlays present The property’s primary buying case rests on its combination of a highset design, which captures coastal breezes and light, and a walkable position near the beach and reserves in a tightly held suburb. The existing tenancy at $580/week provides immediate holding income, while the 155m² floorplan with polished timber floors and open-plan living offers a solid base for a value-add strategy, particularly the potential to convert downstairs utility space into a second bathroom or additional living area. This property best suits an investor or buyer-occupier comfortable with a renovation project who prioritises entry-level access to a coastal market with strong demand fundamentals. The bushfire and flood overlays represent the most material risk, likely increasing insurance premiums and constraining some renovation options, though no heritage restrictions apply. The 1985 sale history and the unusually low 2025 sale at $580,000 suggest either a distressed transaction or data anomaly, meaning the current asking band of $749,000 to $786,000 may reflect genuine market uplift. With a gross yield of approximately 4.0% at current rent and scope for improvements that could lift rental income toward the $610/week estimate, the commercial logic is to hold for capital growth while executing targeted upgrades. Approach this property as a medium-term hold with a renovation timeline of 12 to 18 months.