7 Razorbill Street, Burleigh Waters QLD 4220
7 Razorbill Street, Burleigh Waters QLD 4220
4/2/2 on ~620m² | established family pocket | premium rent vs suburb norm | renovation upside unconfirmed | quiet inland street
Four-bedroom, two-bathroom houses on blocks around 620m² are uncommon here; much of the stock is older three-bedroom product. The configuration is therefore seen as a clear family advantage. Set on a quiet inland street, the property is placed within easy reach of Caningeraba State School, while the Burleigh corridor is close for shopping and recreation. Rental demand has been confirmed by an advertised rent above typical houses. A family wanting yard space on a generous block is best served here, as is an investor seeking capital growth with solid rent. With no modern renovation confirmed, scope for personal updating remains an opportunity.
Value may be influenced most by internal finish condition, as the last sale was in 2009. The block size might be seen as supporting future additions, subject to planning. Orientation is unconfirmed, but a south or west rear yard could be considered less appealing. A value floor may be provided by strong rental demand, though price is likely driven by presentation and updating needs.
>> Comparable Sales: 14 Razorbill Street, a 3-bedroom house on 620m², sold for $637,000 in 2017 | Property Price Band: $1.2M-$1.3M | Value Drivers: 620m² land, 4/2/2 layout, condition as-is
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Razorbill Street, Burleigh Waters QLD 4220
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Burleigh Waters is a settled, family-oriented Gold Coast suburb five minutes from Burleigh Heads village and beach, anchored by Stockland Burleigh Waters. House prices have grown 10.32–14.2% annually, putting the median between $1.405m and $1.885m, with houses selling in about 60 days. Units have also risen, with the 12-month median around $948,000. Demand is led by established families drawn to quality school catchments, canal and regular housing, and weekly house rents of $900–$1,250, which support a 3.39% gross yield. Future growth relies on continued lifestyle proximity and school-linked demand, but affordability is the key constraint; undersupply near Burleigh Heads and rate sensitivity have softened sales volumes and yields, with house yields near 3.0%.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
604m²
URL has been copied successfully!