1 Beryl Terrace, Mount Coolum QLD 4573
1 Beryl Terrace, Mount Coolum QLD 4573
| Fully renovated coastal house | 4 bed 4 bath on 501mยฒ | 44% site coverage | Dual street access | Solar-heated pool |
This property occupies a strong position in a tightly held coastal pocket, where full renovations completed in late 2020 effectively deliver a near-new house without the premium of a new build. The dual street access via Beryl Terrace and Warrack Street is a genuine rarity, offering separate parking for two oversized garages and potential for a future studio or ancillary dwelling subject to council approval. With ducted air conditioning, solar hot water, an electric-heated pool, and a designer kitchen with induction cooking and dual ovens, the house suits a discerning owner-occupier seeking low-maintenance coastal living or a high-yield holiday rental. The 44% site coverage leaves usable outdoor space, and the partial Mount Coolum views add lifestyle appeal without a view premium.
The primary risk is the inconsistency in recorded build year (1985 vs 1989) and building size (220mยฒ vs 125mยฒ), which may complicate financing or insurance if not resolved. Buyers should verify the council records and obtain a building certificate before exchange. The property sits on a 501mยฒ lot with no flood or bushfire overlay, but the 17m ground elevation and 10m roof height mean it is not immune to storm exposure. For an investor, the $1,320 weekly rental estimate against a $1.75mโ$2.18m value range implies a gross yield of roughly 3.2โ3.9%, acceptable for a tightly held coastal market. Hold for capital growth in a suburb where 71% of residents are long-term and supply is constrained.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
This suburb presents a robust, mid-to-high tier housing market, with a median house price firmly established around $1.3 million. Recent annual growth for houses is strong at 6.7-6.73%, significantly outpacing the more modest 3.74% growth for units. The market is active and efficient, with houses selling in approximately 22-24 days and an annual sales volume of around 70 properties. This brisk turnover indicates sustained demand, though the limited data on rental yields and vacancy rates suggests a market primarily driven by owner-occupiers rather than investors. Future growth appears linked to continued demand for established houses, while a key constraint is the clear divergence in performance between the house and unit segments.