2/23 Murphy Street, Port Douglas QLD 4877
2/23 Murphy Street, Port Douglas QLD 4877
4-bed 4-bath townhouse | 484 m² land | Elevated Port Douglas pocket | Holiday-let ready | Build-date variance
An uncommon 4-bed, 4-bath townhouse format is offered within a low-supply elevated pocket of Port Douglas. The 484 m² holding is substantial for a strata-style residence, and the holiday-let-ready presentation aligns well with tourism-driven demand. This unit suits buyers seeking a lock-and-leave lifestyle with rental flexibility, more than those wanting a traditional detached home. Its Murphy Street position is within walkable reach of the village, beach and marina, strengthening owner-occupier appeal and short-stay income potential. The lack of comparable stock at this size in the immediate precinct makes it a distinctive offering, that scarcity is likely to hold interest.
The recorded build year differs between sources, citing 2014 and 2009, so the true construction age should be confirmed via title and council records. Presentation and fitout condition may materially affect price, as may direct views from the living levels. The holiday-let management status might influence achievable rental income and investor appetite. These variables should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/23 Murphy Street, Port Douglas QLD 4877
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Port Douglas (4877) is a premium coastal market where houses are outperforming units. Demand is led by local buyers, semi-retirees, families, and business owners housing staff; buyers prefer private blocks, pets, and no body corporate. Median house price is $1.2m, with annual growth of 20.3–33.1%, listings down up to 30% year-on-year and sales volume around 50. Units remain subdued, at a $390k median with annual falls of 2.5–4.2%; gross yields are 4.7% for houses versus 7.6% for units. Tourism recovery and limited long-term rental supply are lifting buyer activity. Principal risks are rate rises reaching Far North Queensland after about a year, and affordability constraints, as incomes sit below the regional average.
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PropCred Estimated Value
Comparable Sales: 44 Murphy St sold $4.4M; 7/48 Murphy St sold (3-bed, smaller) | Property Price Band: $1.4M–$1.5M | Value Drivers: land size, holiday-let presentation, outlook
Bedrooms
4
Bathroom
4
Parking
2
Land
1008m²
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