10/14 Pendraat Parade, Hope Island QLD 4212
10/14 Pendraat Parade, Hope Island QLD 4212
3 bed / 3 bath / 2 car townhouse | Same-complex sales up to $1.2M | Owner-occupier precinct | Resort-style living near new train station
This townhouse holds a genuine competitive edge in Hope Island through its three-bathroom configuration, which is generous for a three-bedroom townhouse and signals a premium family or downsizer product rather than entry-level stock. The complex shows strong owner-occupier tenure, reducing rental churn and supporting stable property values. With the nearest comparable in the same complex transacting at $1,015,256 in mid-2024, and another at $950,000, this unit sits well within a proven price corridor. The location near the soon-to-complete Hope Island train station and M1 access strengthens commuter appeal, while the gated, landscaped setting attracts buyers seeking lifestyle and security.
Price formation may be influenced by the property’s exact aspect and floor level within the complex, as these affect light, privacy, and outlook. The wider area’s flood overlay exposure suggests buyers should verify site-specific risk, though this is not confirmed for this unit. Body corporate fees for resort-style complexes may be higher than standard strata, impacting holding costs. The 2023 sale price of $865,000 provides a baseline, but subsequent same-complex sales at higher levels indicate upward momentum, which may support a stronger current position depending on internal condition and presentation.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/14 Pendraat Parade, Hope Island QLD 4212
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Hope Island, on the Gold Coast’s northern end, is a high-value market where managers and affluent households underpin demand. House rents have risen 8–9% and unit rents 9–10% annually, with unit prices up 5.9–6.1% to a median around $900,000. Houses have softened, down 2.6–5.3% to $1.66–1.88 million, and sit on market 64–65 days, versus 49–52 for units. Sales volume remains robust, 303–359 houses and 310 units in the past year. Future growth relies on infrastructure links to Brisbane and the Gold Coast and strong rental yields (houses 3.7%, units 4.5%). Constraints: high entry prices, affordability, and negative house price growth.
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PropCred Estimated Value
Comparable Sales: 16/14 Pendraat Parade sold $1,015,256; 19/14 Pendraat Parade sold $950,000 | Property Price Band: $900K–$1.0M | Value Drivers: three-bathroom layout, complex reputation, proximity to new train station
Bedrooms
3
Bathroom
3
Parking
2
Land
172m²
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