1 Burdekin Place, Pelican Waters QLD 4551
1 Burdekin Place, Pelican Waters QLD 4551
Pelican Waters waterfront suburb | 254sqm on 440sqm lot | in-ground pool & spa | 4-car parking | flood overlay present
The property’s combination of a large internal footprint, four-car accommodation, and resort-style outdoor amenities positions it as a rare offering in Pelican Waters. The two living areas plus a study and rumpus room give it flexibility for families needing separate zones for work and recreation, while the solar array and hot water system reduce ongoing utility costs. This house best suits a buyer seeking a low-maintenance, move-in-ready home with strong rental fundamentals, as the $925/week estimate supports a yield that covers holding costs in a rising rate environment.
The flood overlay is the primary risk, potentially raising insurance premiums by 15-25% and narrowing the resale pool to buyers comfortable with that exposure. The 58% site coverage and 3m ground elevation limit future extension options without significant earthworks. On the opportunity side, the NBN FTTP and 5G coverage make the property viable for remote workers or a home business setup. Hold this property as a long-term family home or rent it out while the suburb’s canal-side infrastructure appreciates; the pool and spa add lifestyle value but will require annual maintenance budgeting of roughly $2,500.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Burdekin Place, Pelican Waters QLD 4551
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Pelican Waters is a premium canal estate positioned for affluent lifestyle buyers and investors, with its 60-69-year-old professional demographic driving demand for waterfront properties and boating access. The market demonstrates robust conditions, with a median house price of approximately $1.45 million and strong annual capital growth between 5.7% and 7.8%, supported by high population growth. Future demand is fueled by this demographic influx and limited new supply, though high price points constrain affordability and the market remains sensitive to interest rate movements given rental yields around 4.5-5%.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
440m²
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