18 Maureen Court, Broadbeach Waters QLD 4218
18 Maureen Court, Broadbeach Waters QLD 4218
East-facing waterfront | 680m² with DA for two homes | Single-storey rebuild canvas | Scarce Broadbeach pocket | Flood overlay caution
An east-facing waterfront block of 680m² is offered, where the existing single-storey house is treated as a rebuild canvas. A 19-metre frontage and approved plans for two luxury homes are regarded as rare, since this combination is seldom found in a tight waterfront pocket. The suburb mix is characterised by older originals, renovated family houses and high-end rebuilds. This property is positioned at the lower-improvement end, suited to an owner-occupier seeking a custom build, or a developer needing an immediate project. Proximity to Pacific Fair, Broadbeach dining, the Star precinct and beaches is considered a strong secondary benefit, within a mature, private street.
Flood overlay sensitivity is noted here, and design costs may be affected by flood-management controls. Value might be influenced by the pre-approved plans for two luxury homes, with feasibility and market demand determining any premium. The existing house is considered low-value, so no weight is placed on its finishes; instead, land size, east-facing frontage and rebuild potential are seen as the chief levers. Demolition cost and approval timelines might also be weighed.
Detailed Independent Property Report prepared by PropCred Analyst team for 18 Maureen Court, Broadbeach Waters QLD 4218
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Broadbeach Waters is a premium Gold Coast canal suburb anchored by waterfront prestige, private jetties, and direct access to Oasis Shopping Centre, Pacific Fair, light rail, and the nearby Convention Centre. Demand comes from affluent professionals aged 40–59, with a median household income of $2,051 per week, seeking a boating lifestyle and high-quality rental appeal. House prices sit at a median of $2.575 million, up 9.6% over the past 12 months, with annual capital growth of 11.36% per alternative data; units are more accessible at $1.06 million, up 10.7% with a 4.5% gross yield versus 2.53% for houses. Growth is supported by infrastructure investment and constrained supply of family-sized stock, but entry prices above $1.5 million create affordability barriers, while low house yields limit cash flow for investors.
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PropCred Estimated Value
Comparable Sales: 16A Maureen Court (2024), 20 Maureen Court (2014) | Property Price Band: $1.6M–$1.7M | Value Drivers: east-facing water frontage, 680m² land with DA, rebuild potential
Bedrooms
3
Bathroom
2
Parking
2
Land
680m²
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