70/57 Charles Canty Drive, Wellington Point QLD 4160
70/57 Charles Canty Drive, Wellington Point QLD 4160
| 3-bed courtyard unit | Ormiston & Wellington Point High catchments | ducted cooling & pool | 4.2% yield vs 4.8-5.3% building average |
This unit offers a rare configuration in a sought-after coastal pocket: three bedrooms, two bathrooms, and two car spaces on a fully fenced 97m² lot with a private courtyard. The inclusion of ducted cooling and an in-ground pool adds genuine lifestyle appeal, while the Ormiston State School and Wellington Point State High School catchments strengthen its position for family buyers. At an estimated value of $953,000 and a weekly rental of $770, the property presents a solid entry point into a tightly held market, though the 4.2% yield sits below the building’s typical 4.8-5.3% range, suggesting the price may be elevated relative to rental reality.
The primary risk is valuation misalignment: comparable sales within the same building cluster between $650,000 and $740,000, meaning the estimated value may not be supported by recent transactions. Buyers should verify whether the higher figure reflects a premium for a superior unit or an overhang from peak pricing. The absence of bushfire, flood, and heritage overlays reduces environmental risk, and NBN Hybrid Fibre Coaxial plus 5G coverage support modern living. The opportunity lies in negotiating toward the building’s proven sales range, which would restore yield to market norms and improve capital growth prospects in a stable Redland market.
Detailed Independent Property Report prepared by PropCred Analyst team for 70/57 Charles Canty Drive, Wellington Point QLD 4160
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
This established suburb demonstrates robust demand, evidenced by rapid sales and strong capital growth across both houses and units. The market is driven by active buyer activity, with houses appreciating steadily and units experiencing exceptional recent gains. While houses remain the dominant segment, the unit market’s accelerated performance indicates broadening appeal. Key considerations include the potential for extended selling periods for houses, suggesting a more measured pace in that segment despite the overall positive momentum.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
97m²
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