127 Cypress Street, Torquay QLD 4655
127 Cypress Street, Torquay QLD 4655
Beachside corner block | 1014 m² redevelopment site | Mixed-use zoning | One street from the foreshore | 4-bed, 1-bath, 3-car layout
This property stands out for its rare combination of size, position, and zoning flexibility. A 1014 m² corner allotment one street from the beach is uncommon in this tightly held pocket, and the Neighbourhood Centre zoning adds a layer of optionality that standard residential sites simply do not offer. The existing weatherboard house with a shopfront is modest and dated, but that is not where the value sits. This is a land-driven opportunity, best suited to a buyer looking to redevelop, hold for future upside, or secure a large coastal site with mixed-use potential in a mature beachside suburb. The configuration suits a developer, an investor with a longer horizon, or an owner-occupier prepared to renovate or rebuild.
The property’s value may be shaped by the condition of the existing improvements, which are likely to require significant work if retained. The corner position and mixed-use zoning might bring additional planning considerations, and the lack of confirmed building age or structural details means a thorough inspection is advisable before forming a firm view. The redevelopment framing suggests the land is the primary driver, and the final price may depend on what a buyer intends to do with the site. Nearby comparable sales on the same street, including a 4-bedroom house on a similar 1016 m² block and a 2-bedroom home on 1017 m², indicate strong demand for larger parcels in this location.
|| Comparable Sales: 98 Cypress Street sold for approximately $1.45M; 129 Cypress Street sold for approximately $1.01M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, corner position with mixed-use zoning, beach proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 127 Cypress Street, Torquay QLD 4655
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Torquay, positioned within the Hervey Bay region, is attracting older, childless couples—many owning outright—drawn to esplanade and coastal streets. House medians span roughly $671,000 to $745,000, with growth between 12.6% and 17.6% over the past year. Units have posted sharper gains, with two sources citing annual growth above 30%, though another records just 8.1%, reflecting data variability. Transaction volumes are thin: only 106–123 house sales in the past year, and days on market range from 21 to 75. Rental demand underpins the market: house rents sit around $570–$620 weekly with gross yields near 4%–4.4%; units yield up to 4.9%. Future growth depends on continuing lifestyle migration and already-tight supply. The main constraints are low turnover, price-point skew across modest and premium stock, and local household incomes sitting below the regional Queensland average, which could limit further affordability-driven upside.
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PropCred Estimated Value
Comparable Sales: 98 Cypress Street sold for approximately $1.45M; 129 Cypress Street sold for approximately $1.01M | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, corner position with mixed-use zoning, beach proximity
Bedrooms
4
Bathroom
1
Parking
3
Land
1014m²
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