118 Elizabeth Street Urangan QLD 4655
118 Elizabeth Street Urangan QLD 4655
1980 build | coastal location | renovation potential | 4.8% yield estimate | no overlays
The property presents a low-risk entry to a coastal market, with no bushfire or flood overlays mitigating insurance and holding costs. Its generous lot offers clear commercial logic for value-add through extension or subdivision, subject to council approval. As a single-level house built in 1980, it demands a thorough building inspection to budget for immediate updates. It is best held as a long-term rental or renovated owner-occupier purchase, leveraging its stable yield and land bank.
Competitive strength lies in the rare combination of a 600mΒ² block so close to boat harbours and beaches, a pairing increasingly scarce. This serves the practical buyer seeking both lifestyle and asset growth, where the land component fundamentally secures the investment. The estimated rental yield supports holding, while the size promises future equity through strategic improvement.
This is a foundational purchase where the land does the heavy liftingΒcontact us to pressure-test the renovation economics against your portfolio goal.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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Market Insight:
Urangan’s property market is characterised by strong house price growth, with median values between $725k and $763k and annual gains of 7.7% to 16.95%, indicating robust demand. This demand is primarily driven by the rental market, where weekly rents for houses have increased by up to 8.3%, reflecting high tenant competition. However, a key constraint is emerging buyer caution, evidenced by houses taking 21 to 63 days to sell, suggesting a more measured market pace despite the upward price momentum.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
601mΒ²
Assessments Delivered Today
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