8 Turnberry Court, Balgal Beach QLD 4816

Large coastal block | Turn-key 3-bed house | Solar & greywater | High-value new-build surrounds | Fully fenced private yard This property presents a competitively strong, fully-enclosed package on one of the larger lots in Balgal Beach. Its flat, usable land with low building coverage is rare and offers immediate utility or future potential, enhanced by modern systems for reduced operating costs. The turn-key condition and privacy focus make it ideal for an owner-occupier seeking a low-maintenance coastal lifestyle or a rental investor targeting durable, appealing tenant amenities. The primary risk is valuation disconnect; the asking price significantly exceeds recent sales and most estimates, anchoring your equity. The recent rapid resale after only 49 days suggests a potential motivated seller, creating a negotiation opportunity. Acquire only at a price aligned with the mid-range valuation band; this property should be held long-term to realize the inherent land value and capitalize on the area’s upward trajectory. Recent sales context establishes value: – This property sold May 2024: $380,000 – Initial list price April 2024: $389,000 – Current list price: Offers over $690,000 – Independent estimates: $540,000 – $565,000 (mid-range) The vendor’s current asking price demands a 22-28% premium over its sale just months ago and sits 22% above credible market estimates. This sharp re-pricing lacks clear support from the provided sales evidence, indicating aggressive vendor expectations you must rigorously test.