24/2 Lyra Avenue, Hope Island QLD 4212
24/2 Lyra Avenue, Hope Island QLD 4212
4-bed, 3-bath, 2-car townhouse | 437m² land with flood overlay | Ducted climate + study + pool complex | Premium modern stock in Hope Island’s Lyra pocket
This townhouse sits in the upper tier of Hope Island’s newer housing, offering a rare combination of four bedrooms, three bathrooms, and a dedicated study within a planned, low-density marina-side estate. The layout suits families or professionals who need space for both living and working, while the private courtyard, secure double garage, and shared pool amenity add everyday practicality. With ducted heating and cooling, floorboards throughout, and an intercom system, the finish level is genuinely contemporary rather than basic. The 437m² land size is generous for a townhouse, giving it more presence and outdoor room than most comparable stock in the suburb. This is best suited to owner-occupiers who want modern, low-maintenance living without sacrificing space, or investors targeting the premium rental market where this property has already commanded strong weekly rent.
The flood overlay is the most material factor to weigh, as it may influence insurance costs, lender appetite, and long-term resale perception depending on the exact classification. The property’s newer build quality and estate-level planning may offset some of that concern, but buyers should confirm the overlay’s severity before committing. The land-size discrepancy between records—437m² versus 226m²—may also affect how the property is valued against similar townhouses, so verifying the title is worthwhile. Rental demand appears robust given the recent lease listing, but the flood risk could narrow the tenant pool slightly. These factors may shape negotiation more than the property’s inherent quality, which is otherwise strong.
|| Comparable Sales: 3/1 Lyra Avenue sold around $900K in 2021; Lot 28/2 Lyra Avenue sold $900K in Dec 2021 | Property Price Band: $0.9M–$1.0M | Value Drivers: land size, modern condition, layout flexibility with study and ensuites
Detailed Independent Property Report prepared by PropCred Analyst team for 24/2 Lyra Avenue, Hope Island QLD 4212
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Hope Island, on the Gold Coast’s northern end, is a high-value market where managers and affluent households underpin demand. House rents have risen 8–9% and unit rents 9–10% annually, with unit prices up 5.9–6.1% to a median around $900,000. Houses have softened, down 2.6–5.3% to $1.66–1.88 million, and sit on market 64–65 days, versus 49–52 for units. Sales volume remains robust, 303–359 houses and 310 units in the past year. Future growth relies on infrastructure links to Brisbane and the Gold Coast and strong rental yields (houses 3.7%, units 4.5%). Constraints: high entry prices, affordability, and negative house price growth.
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PropCred Estimated Value
Comparable Sales: 3/1 Lyra Avenue sold around $900K in 2021; Lot 28/2 Lyra Avenue sold $900K in Dec 2021 | Property Price Band: $0.9M–$1.0M | Value Drivers: land size, modern condition, layout flexibility with study and ensuites
Bedrooms
4
Bathroom
3
Parking
2
Land
1.22 ha
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