New build duplex | Premium coastal finishes | Broadwater proximity | Oversized rooms | Sold in 4 days
This property presents a competitively strong proposition as a recently completed, high-specification duplex in a direct beachside location. Its refined coastal design and oversized rooms with premium finishes are rare for a duplex product, positioning it above typical stock for a buyer seeking a low-maintenance yet high-quality home. It serves best as a permanent residence for a professional or a premium holiday home, with its open plan and entertaining focus capturing the coastal lifestyle.
The primary risk is the conflicting bathroom count, which requires immediate verification as it impacts both utility and value. The lack of data on school catchments or area development plans limits a full assessment of future demand drivers. Acquire this property as a long-term hold to realise capital growth from its superior build quality in a tightly held location, rather than for short-term yield, given the absent rental data.
A sale at $1,340,000 in February 2023 establishes a recent price point. The immediate comparable at 22 Mallard Avenue, with identical lot size and configuration, suggests this is a duplex pair, providing a direct benchmark. The property’s subsequent relisting and four-day selling period indicate sustained, sharp demand for turnkey properties in this precinct.