109 Lady Elliot Drive, Agnes Water QLD 4677
109 Lady Elliot Drive, Agnes Water QLD 4677
Large 1.55ha block | 280m² modern house | built 2011 | semi-rural coastal lifestyle | two-car secure parking
The property is positioned as a rare combination of substantial land and a contemporary home. With 1.55 hectares and a 280m² floor area, significant scale is offered for a coastal acreage market. The 2011 build includes practical features such as air conditioning, an open fireplace, and water infrastructure, which are valued by lifestyle buyers. The property is best used as a permanent residence or a weekend retreat for those seeking privacy and space within reach of the beach. The absence of bushfire, flood, or heritage overlays strengthens its appeal for low-risk, low-density living.
Value may be influenced by the balance between the large land content and a three-bedroom configuration that suits a specific buyer group. The semi-rural setting might limit demand to those wanting genuine acreage, while the modern build and clean overlay record could support a premium. Sizeable land may also attract buyers interested in small-scale hobby farming or additional outbuildings, which might justify the price position.
>> Comparable Sales: 137 Lady Elliot Drive sold $488,000; 291 Lady Elliot Drive sold $1,100,000 | Property Price Band: $1.2M to $1.3M | Value Drivers: land size, modern condition, desirable layout
Detailed Independent Property Report prepared by PropCred Analyst team for 109 Lady Elliot Drive, Agnes Water QLD 4677
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Agnes Water is a low-density coastal market where demand is driven by space-seeking buyers drawn to detached housing and a suburb with above-average outright home ownership, many in trades. Houses sit at a median of $895,000, up 6.7% annually, while units lag at $515,000 with just 1.0% growth; houses sell in around 53 days, reflecting tight conditions. Rental yields are modest on houses at 4.0% but more compelling on units at 5.3%. Future growth is supported by strong supply-side activity, with approvals per person 202% above Queensland’s average, 4.4 people moving per dwelling built, and an additional 885 residents projected by 2041. That pipeline tempers price pressure, however, and with construction costs averaging $342,000, new supply remains responsive. Mortgage repayments sit below the non-metro Queensland benchmark, allowing buyer demand to persist. The key constraint is affordability in the house segment, yet current demand-supply dynamics favour steady, not explosive, growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.55 ha
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