36 Pentas Drive, Bongaree QLD 4507

Family home in Bongaree canal pocket | 716sqm with side access for boat | Four bedrooms plus multiple living zones | Under-roof entertaining with room for a pool The property’s primary buying case rests on its configuration and positioning within a tightly held Bongaree pocket where land of this size with side access is infrequent. The 716sqm lot, combined with a 355sqm floorplate that includes four bedrooms and separate family and living zones, offers genuine separation for families or those requiring home-office space. The covered outdoor area, already fitted with ceiling fans and overlooking a fully fenced yard, effectively extends the livable square metreage without additional construction cost. For buyers seeking a coastal family home with room for a boat or van, the 3-metre side access is a practical differentiator that most competing properties in this price bracket lack. The property suits owner-occupiers prioritising space and layout over cosmetic updates, as the functional kitchen and existing split-system cooling reduce immediate capital outlay. The flood overlay is the most material risk, flagged as Balance Flood Planning Area, which may affect insurance premiums and future resale buyer pools. This is not a deal-breaker in Bribie Island’s canal estates where such designations are common, but it does narrow the buyer profile and should be factored into holding cost calculations. The rental estimate of $865 per week suggests a gross yield below 3.5% at the valuation midpoint, making this a weak candidate for pure investment unless capital growth is the primary thesis. The opportunity lies in the 2007 purchase price of $585,500, indicating long-term land appreciation in this corridor. A buyer should hold this property for at least five to seven years to amortise transaction costs and capture the next cycle of coastal demand.